Telus Corp.’s (TU) “Hold” Rating Reiterated at BMO Capital Markets
Other research analysts also recently issued reports about the stock. Desjardins upgraded shares of Telus Corp. from a hold rating to a buy rating in a research note on Thursday, August 11th. TheStreet upgraded shares of Telus Corp. from a hold rating to a buy rating in a research note on Friday, August 5th. Zacks Investment Research upgraded shares of Telus Corp. from a sell rating to a hold rating in a research note on Tuesday, September 6th. Canaccord Genuity restated a hold rating on shares of Telus Corp. in a research report on Friday, August 5th. Finally, Barclays PLC raised their price target on shares of Telus Corp. from $36.00 to $37.00 and gave the stock an overweight rating in a research report on Monday, August 8th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Telus Corp. currently has a consensus rating of Hold and a consensus target price of $39.80.
Shares of Telus Corp. (NYSE:TU) opened at 31.83 on Monday. The company’s 50-day moving average is $32.36 and its 200-day moving average is $32.41. Telus Corp. has a 12-month low of $24.34 and a 12-month high of $34.12. The stock has a market cap of $18.84 billion, a P/E ratio of 17.91 and a beta of 0.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be given a dividend of $0.48 per share. This is a positive change from Telus Corp.’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, December 7th. This represents a $1.92 annualized dividend and a dividend yield of 6.03%. Telus Corp.’s dividend payout ratio (DPR) is 78.21%.
Institutional investors have recently bought and sold shares of the stock. Huntington National Bank raised its position in Telus Corp. by 36.8% in the third quarter. Huntington National Bank now owns 3,709 shares of the company’s stock valued at $122,000 after buying an additional 998 shares during the period. Trust Co. of Vermont acquired a new position in Telus Corp. during the third quarter valued at $152,000. Bronfman E.L. Rothschild L.P. raised its position in Telus Corp. by 1.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,885 shares of the company’s stock valued at $161,000 after buying an additional 60 shares during the period. Kassirer Asset Management Corp acquired a new position in Telus Corp. during the third quarter valued at $200,000. Finally, Raymond James Trust N.A. raised its position in Telus Corp. by 1.8% in the third quarter. Raymond James Trust N.A. now owns 6,329 shares of the company’s stock valued at $209,000 after buying an additional 111 shares during the period. Institutional investors own 52.82% of the company’s stock.
About Telus Corp.
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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