TELUS (TU) Earns Buy Rating from TD Securities

TD Securities restated their buy rating on shares of TELUS (NYSE:TU) (TSE:T) in a research note issued to investors on Friday morning.

TU has been the topic of a number of other research reports. Scotiabank cut TELUS from an outperform rating to a sector perform rating in a research report on Wednesday, October 10th. Desjardins reiterated a buy rating on shares of TELUS in a research report on Sunday, October 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $46.80.

Shares of TU traded down $0.13 during midday trading on Friday, reaching $34.74. 425,926 shares of the stock were exchanged, compared to its average volume of 429,195. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.78 and a current ratio of 0.85. TELUS has a twelve month low of $33.64 and a twelve month high of $38.50. The stock has a market capitalization of $20.52 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80.

TELUS (NYSE:TU) (TSE:T) last posted its earnings results on Thursday, November 8th. The Wireless communications provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. TELUS had a return on equity of 17.64% and a net margin of 10.60%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that TELUS will post 2.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Tuesday, December 11th will be given a $0.4158 dividend. This represents a $1.66 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Monday, December 10th. This is a boost from TELUS’s previous quarterly dividend of $0.40. TELUS’s payout ratio is 79.31%.

Hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in TELUS in the 1st quarter valued at about $125,000. Chicago Partners Investment Group LLC increased its position in TELUS by 100.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,700 shares of the Wireless communications provider’s stock valued at $160,000 after acquiring an additional 2,350 shares during the period. PNC Financial Services Group Inc. increased its position in TELUS by 53.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,809 shares of the Wireless communications provider’s stock valued at $207,000 after acquiring an additional 2,026 shares during the period. Gluskin Sheff & Assoc Inc. acquired a new position in TELUS during the 3rd quarter worth approximately $246,000. Finally, CWM LLC increased its position in TELUS by 5,355.6% during the 3rd quarter. CWM LLC now owns 6,874 shares of the Wireless communications provider’s stock worth $253,000 after purchasing an additional 6,748 shares during the period. Hedge funds and other institutional investors own 50.60% of the company’s stock.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

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Analyst Recommendations for TELUS (NYSE:TU)

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