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.

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

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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Analyst Recommendations for TELUS (NYSE:TU)

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