TELUS (NYSE:TU) Announces Earnings Results

TELUS (NYSE:TUGet Free Report) (TSE:T) issued its quarterly earnings data on Friday. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01, MarketWatch Earnings reports. TELUS had a net margin of 4.01% and a return on equity of 7.65%. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.24 billion. During the same period in the prior year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year.

TELUS Trading Up 2.9 %

Shares of TU stock opened at $17.56 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.66 and a quick ratio of 0.61. The business has a 50-day moving average of $18.01 and a 200 day moving average of $17.41. The stock has a market capitalization of $25.69 billion, a PE ratio of 40.84, a P/E/G ratio of 3.34 and a beta of 0.75. TELUS has a 1-year low of $15.47 and a 1-year high of $21.34.

Institutional Investors Weigh In On TELUS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TU. Cetera Investment Advisers lifted its holdings in TELUS by 6.8% in the 1st quarter. Cetera Investment Advisers now owns 10,837 shares of the Wireless communications provider’s stock worth $215,000 after buying an additional 692 shares during the period. Captrust Financial Advisors raised its holdings in TELUS by 18.1% in the 2nd quarter. Captrust Financial Advisors now owns 4,669 shares of the Wireless communications provider’s stock worth $104,000 after purchasing an additional 717 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of TELUS by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 23,093 shares of the Wireless communications provider’s stock worth $411,000 after purchasing an additional 828 shares during the period. Osaic Holdings Inc. boosted its stake in shares of TELUS by 5.1% during the 2nd quarter. Osaic Holdings Inc. now owns 20,125 shares of the Wireless communications provider’s stock valued at $390,000 after purchasing an additional 980 shares in the last quarter. Finally, Creative Planning increased its position in shares of TELUS by 8.8% during the second quarter. Creative Planning now owns 12,418 shares of the Wireless communications provider’s stock valued at $277,000 after buying an additional 1,002 shares during the period. 49.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TU. JPMorgan Chase & Co. downgraded shares of TELUS from an “overweight” rating to a “neutral” rating in a report on Thursday, January 4th. StockNews.com lowered TELUS from a “hold” rating to a “sell” rating in a report on Saturday, January 27th.

Check Out Our Latest Analysis on TELUS

TELUS Company Profile

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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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Earnings History for TELUS (NYSE:TU)

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