TELUS Corporation (NYSE:TU) (TSE:T) has been assigned an average recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $43.50.

TU has been the topic of several analyst reports. Zacks Investment Research upgraded TELUS Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Friday, July 14th. BidaskClub upgraded shares of TELUS Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Barclays PLC upped their price objective on shares of TELUS Corporation from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 14th. BMO Capital Markets upped their price objective on shares of TELUS Corporation from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, August 14th. Finally, Canaccord Genuity restated a “buy” rating and issued a $47.00 price objective on shares of TELUS Corporation in a research report on Monday, May 8th.

TELUS Corporation (TU) traded up 0.44% during trading on Wednesday, reaching $36.34. 282,770 shares of the company were exchanged. The firm’s 50 day moving average price is $35.87 and its 200-day moving average price is $33.94. The stock has a market capitalization of $21.59 billion, a price-to-earnings ratio of 22.06 and a beta of 0.89. TELUS Corporation has a one year low of $30.31 and a one year high of $36.77.

TELUS Corporation (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.05. TELUS Corporation had a net margin of 9.55% and a return on equity of 18.75%. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts predict that TELUS Corporation will post $2.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.3884 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Thursday, September 7th. TELUS Corporation’s payout ratio is currently 92.41%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/04/telus-corporation-tu-given-consensus-rating-of-buy-by-analysts.html.

Large investors have recently added to or reduced their stakes in the company. CGOV Asset Management lifted its stake in TELUS Corporation by 5.3% in the first quarter. CGOV Asset Management now owns 1,737,899 shares of the Wireless communications provider’s stock worth $75,025,000 after acquiring an additional 86,700 shares during the period. Korea Investment CORP purchased a new stake in TELUS Corporation in the first quarter worth $156,000. Janney Montgomery Scott LLC lifted its stake in TELUS Corporation by 25.3% in the first quarter. Janney Montgomery Scott LLC now owns 9,503 shares of the Wireless communications provider’s stock worth $309,000 after acquiring an additional 1,920 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in TELUS Corporation by 10.2% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 51,816 shares of the Wireless communications provider’s stock worth $1,683,000 after acquiring an additional 4,793 shares during the period. Finally, ING Groep NV purchased a new stake in TELUS Corporation in the first quarter worth $212,000. 51.05% of the stock is owned by hedge funds and other institutional investors.

TELUS Corporation Company Profile

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.

Analyst Recommendations for TELUS Corporation (NYSE:TU)

Receive News & Stock Ratings for TELUS Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS Corporation and related stocks with our FREE daily email newsletter.