TELUS Co. (NYSE:TU) (TSE:T)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $36.97 and traded as high as $36.80. TELUS shares last traded at $36.67, with a volume of 15,271 shares changing hands.
A number of analysts have recently commented on the company. Bank of America reissued a “hold” rating on shares of TELUS in a research note on Friday, May 10th. TheStreet raised TELUS from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. Zacks Investment Research raised TELUS from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Barclays reissued a “buy” rating and issued a $41.00 price objective on shares of TELUS in a research note on Sunday, May 12th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of TELUS in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $41.00.
The firm has a 50-day simple moving average of $36.97. The company has a market capitalization of $22.04 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 2.09 and a beta of 0.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.77 and a quick ratio of 0.70.
TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Thursday, May 9th. The Wireless communications provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.52 billion. TELUS had a return on equity of 16.98% and a net margin of 11.15%. TELUS’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. Equities research analysts predict that TELUS Co. will post 2.2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th will be given a dividend of $0.4191 per share. The ex-dividend date is Friday, June 7th. This is a positive change from TELUS’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.57%. TELUS’s payout ratio is 78.04%.
Several institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp purchased a new position in shares of TELUS during the fourth quarter valued at $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of TELUS during the first quarter valued at $54,000. Advisor Group Inc. grew its holdings in shares of TELUS by 21.2% during the fourth quarter. Advisor Group Inc. now owns 3,997 shares of the Wireless communications provider’s stock valued at $132,000 after buying an additional 699 shares in the last quarter. Field & Main Bank purchased a new position in shares of TELUS during the first quarter valued at $147,000. Finally, AlphaCrest Capital Management LLC purchased a new position in shares of TELUS during the fourth quarter valued at $207,000. 51.31% of the stock is currently owned by institutional investors.
TELUS Company Profile (NYSE:TU)
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.
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