TELUS Corporation (NYSE:TU) Stock Has Consensus Price Target of $15.00

TELUS Corporation (NYSE:TU) (TSE:T) has been assigned a consensus rating of “Reduce” from the seventeen ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $15.00.

Several research analysts recently weighed in on TU shares. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of TELUS in a research note on Thursday, October 8th. Bank of America reaffirmed an “underperform” rating on shares of TELUS in a research note on Tuesday, August 4th. Zacks Research downgraded shares of TELUS from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Royal Bank Of Canada lowered shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 4th. Finally, National Bank Financial cut shares of TELUS from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, August 4th.

TELUS Trading Down 0.3%

NYSE:TU opened at $8.56 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.88. TELUS has a 1-year low of $7.64 and a 1-year high of $15.00. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of -20.89, a PEG ratio of 20.81 and a beta of 0.65. The business’s 50-day moving average price is $8.84 and its two-hundred day moving average price is $11.39.

TELUS (NYSE:TU) (TSE:T) last posted its earnings results on Friday, July 31st. The Wireless communications provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.55 billion. TELUS had a positive return on equity of 8.01% and a negative net margin of 4.51%. On average, equities analysts expect that TELUS will post 0.24 earnings per share for the current year.

Institutional Trading of TELUS

A number of large investors have recently made changes to their positions in the company. Walter Public Investments Inc. lifted its holdings in TELUS by 2.4% during the first quarter. Walter Public Investments Inc. now owns 36,868 shares of the Wireless communications provider’s stock worth $474,000 after acquiring an additional 868 shares in the last quarter. D.A. Davidson & CO. grew its stake in TELUS by 8.5% in the first quarter. D.A. Davidson & CO. now owns 16,007 shares of the Wireless communications provider’s stock valued at $205,000 after acquiring an additional 1,256 shares during the period. Focused Alpha LLC grew its stake in TELUS by 7.5% in the third quarter. Focused Alpha LLC now owns 21,474 shares of the Wireless communications provider’s stock valued at $180,000 after acquiring an additional 1,501 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of TELUS by 79.6% in the third quarter. SBI Securities Co. Ltd. now owns 3,695 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 1,638 shares in the last quarter. Finally, Lorne Steinberg Wealth Management Inc. increased its holdings in shares of TELUS by 0.5% in the third quarter. Lorne Steinberg Wealth Management Inc. now owns 396,106 shares of the Wireless communications provider’s stock worth $3,326,000 after acquiring an additional 2,155 shares in the last quarter. Institutional investors own 49.40% of the company’s stock.

TELUS Company Profile

TELUS Corporation is a Canadian communications and technology company headquartered in Vancouver, British Columbia. It provides telecommunications and digital services to consumers, businesses and public-sector organizations, primarily in Canada.

Its core offerings include wireless voice and data services, high-speed internet, television, home security and fixed-line voice services. TELUS also provides business connectivity, cloud, cybersecurity, information technology and communications solutions.