Shares of TELUS Corporation (NYSE:TU) (TSE:T) have earned an average rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $45.00.

TU has been the topic of several research analyst reports. BidaskClub lowered TELUS Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded TELUS Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Friday, July 14th. BMO Capital Markets upped their price objective on TELUS Corporation from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. Finally, Barclays PLC upped their price objective on TELUS Corporation from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 14th.

Shares of TELUS Corporation (NYSE:TU) traded down 0.86% on Thursday, hitting $35.68. The stock had a trading volume of 515,163 shares. TELUS Corporation has a one year low of $30.31 and a one year high of $36.94. The stock has a market capitalization of $21.19 billion, a PE ratio of 20.76 and a beta of 0.89. The firm’s 50 day moving average is $36.04 and its 200-day moving average is $34.82.

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 (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). The business 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%. TELUS Corporation’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. Equities research analysts expect that TELUS Corporation will post $2.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were paid a $0.3884 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.55 annualized dividend and a yield of 4.35%. TELUS Corporation’s dividend payout ratio is 100.00%.

A number of large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in shares of TELUS Corporation by 237.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the Wireless communications provider’s stock valued at $130,000 after purchasing an additional 2,662 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of TELUS Corporation in the second quarter valued at approximately $156,000. Perkins Coie Trust Co acquired a new position in shares of TELUS Corporation in the second quarter valued at approximately $173,000. Kassirer Asset Management Corp acquired a new position in shares of TELUS Corporation in the second quarter valued at approximately $209,000. Finally, Wells Fargo & Company MN grew its position in shares of TELUS Corporation by 38.9% in the second quarter. Wells Fargo & Company MN now owns 6,544 shares of the Wireless communications provider’s stock valued at $226,000 after purchasing an additional 1,833 shares during the last quarter. Hedge funds and other institutional investors own 50.73% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “TELUS Corporation (TU) Receives $45.00 Average Target Price from Analysts” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/10/22/telus-corporation-tu-receives-45-00-average-target-price-from-analysts.html.

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.