TELUS (NYSE:TU) Given New $26.00 Price Target at BMO Capital Markets

TELUS (NYSE:TUGet Free Report) (TSE:T) had its target price cut by equities research analysts at BMO Capital Markets from $27.00 to $26.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the Wireless communications provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 47.14% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of TELUS from an “overweight” rating to a “neutral” rating in a research report on Thursday, January 4th. StockNews.com cut shares of TELUS from a “hold” rating to a “sell” rating in a research report on Saturday, January 27th.

View Our Latest Report on TELUS

TELUS Stock Up 0.6 %

Shares of TU stock traded up $0.11 during mid-day trading on Monday, reaching $17.67. 900,530 shares of the company were exchanged, compared to its average volume of 2,258,590. The company has a market capitalization of $25.85 billion, a P/E ratio of 41.16, a P/E/G ratio of 3.35 and a beta of 0.75. The business’s 50 day simple moving average is $18.01 and its 200 day simple moving average is $17.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.61 and a current ratio of 0.66. TELUS has a fifty-two week low of $15.47 and a fifty-two week high of $21.34.

TELUS (NYSE:TUGet Free Report) (TSE:T) last posted its earnings results on Friday, February 9th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.24 billion. TELUS had a return on equity of 7.76% and a net margin of 4.18%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. Research analysts predict that TELUS will post 0.82 earnings per share for the current year.

Institutional Investors Weigh In On TELUS

Several institutional investors and hedge funds have recently added to or reduced their stakes in TU. Advisor Group Holdings Inc. lifted its holdings in shares of TELUS by 60.9% during the first quarter. Advisor Group Holdings Inc. now owns 14,694 shares of the Wireless communications provider’s stock worth $260,000 after buying an additional 5,560 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of TELUS by 36.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 29,093 shares of the Wireless communications provider’s stock worth $761,000 after buying an additional 7,737 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of TELUS by 59.3% during the first quarter. PNC Financial Services Group Inc. now owns 5,666 shares of the Wireless communications provider’s stock worth $148,000 after buying an additional 2,109 shares during the last quarter. Aviva PLC lifted its holdings in shares of TELUS by 156.0% during the first quarter. Aviva PLC now owns 479,131 shares of the Wireless communications provider’s stock worth $12,536,000 after buying an additional 291,979 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of TELUS during the first quarter valued at approximately $206,000. 49.48% of the stock is currently owned by institutional investors and hedge funds.

About TELUS

(Get Free Report)

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services.

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