Somewhat Positive Press Coverage Somewhat Unlikely to Impact TELUS Corporation (TU) Stock Price
Headlines about TELUS Corporation (NYSE:TU) (TSE:T) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TELUS Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the Wireless communications provider an impact score of 47.2515099973891 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Telus Corp (TU) Needle Moving 0.59% – Sparta Review (spartareview.com)
- Telus Corporation: Trouble in Paradise? – The Motley Fool Canada (fool.ca)
- Telus Corporation Ordinary Shar (NYSE:TU) Experiences Heavier … – First News 24 (firstnewspaper24.com)
- Shares Running on Volume: Telus Corp (TU) – FLBC News (flbcnews.com)
- Company that employs hundreds in Folsom is acquired (bizjournals.com)
Shares of TELUS Corporation (NYSE:TU) traded up 0.06% during trading on Friday, reaching $35.73. 346,560 shares of the company were exchanged. The stock has a market capitalization of $21.22 billion, a PE ratio of 21.72 and a beta of 0.89. TELUS Corporation has a one year low of $30.31 and a one year high of $36.77. The stock has a 50-day moving average price of $35.70 and a 200-day moving average price of $33.84.
TELUS Corporation (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, August 11th. The Wireless communications provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.05. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.26 billion. TELUS Corporation had a net margin of 9.55% and a return on equity of 18.75%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Analysts forecast that TELUS Corporation will post $2.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a $0.3884 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.55 annualized dividend and a dividend yield of 4.35%. TELUS Corporation’s payout ratio is currently 92.41%.
TU has been the subject of several analyst reports. Zacks Investment Research downgraded shares of TELUS Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $47.00 price target on shares of TELUS Corporation in a research note on Monday, May 8th. BidaskClub raised shares of TELUS Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Barclays PLC raised their price target on shares of TELUS Corporation from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 14th. Finally, BMO Capital Markets raised their price target on shares of TELUS Corporation from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $43.50.
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About TELUS Corporation
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 (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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