TELUS (TU) Rating Reiterated by TD Securities
TELUS (NYSE:TU) (TSE:T)‘s stock had its “buy” rating reaffirmed by equities researchers at TD Securities in a note issued to investors on Friday.
A number of other research analysts have also recently commented on the stock. Desjardins reiterated a “buy” rating on shares of TELUS in a research report on Sunday, October 21st. Scotiabank cut shares of TELUS from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $45.75.
Shares of TU opened at $34.74 on Friday. The company has a market capitalization of $20.52 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.99 and a beta of 0.80. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.35. TELUS has a 1-year low of $33.64 and a 1-year high of $38.50.
Several institutional investors have recently modified their holdings of TU. CIBC Asset Management Inc grew its holdings in shares of TELUS by 36.3% in the second quarter. CIBC Asset Management Inc now owns 12,920,874 shares of the Wireless communications provider’s stock worth $459,070,000 after purchasing an additional 3,441,698 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of TELUS by 5,781.5% in the third quarter. Janus Henderson Group PLC now owns 2,280,827 shares of the Wireless communications provider’s stock worth $84,036,000 after purchasing an additional 2,242,047 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of TELUS by 69.5% in the second quarter. Toronto Dominion Bank now owns 4,195,067 shares of the Wireless communications provider’s stock worth $149,824,000 after purchasing an additional 1,720,567 shares during the last quarter. Mainstay Capital Management LLC ADV bought a new position in shares of TELUS in the second quarter worth approximately $26,855,000. Finally, Mawer Investment Management Ltd. grew its holdings in shares of TELUS by 17.3% in the second quarter. Mawer Investment Management Ltd. now owns 5,525,402 shares of the Wireless communications provider’s stock worth $196,439,000 after purchasing an additional 814,155 shares during the last quarter. 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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