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A number of other brokerages have also commented on TU. Morgan Stanley initiated coverage on TELUS in a report on Monday, December 16th. They issued an "equal weight" rating on the stock. StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, National Bank Financial downgraded TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, TELUS presently has an average rating of "Hold" and an average target price of $26.00.
Check Out Our Latest Stock Analysis on TU
NYSE TU traded up $0.09 during trading hours on Tuesday, reaching $15.48. 318,862 shares of the company's stock were exchanged, compared to its average volume of 3,696,029. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. TELUS has a one year low of $13.24 and a one year high of $17.77. The company's 50-day moving average is $14.46 and its two-hundred day moving average is $15.37. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 5.18 and a beta of 0.75.
TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. TELUS had a net margin of 4.85% and a return on equity of 9.07%. During the same period last year, the business posted $0.10 earnings per share. On average, analysts forecast that TELUS will post 0.71 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in TU. Mackenzie Financial Corp grew its position in shares of TELUS by 22.6% in the 4th quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider's stock valued at $667,840,000 after acquiring an additional 9,068,181 shares during the period. Bank of Nova Scotia lifted its stake in TELUS by 28.3% in the 4th quarter. Bank of Nova Scotia now owns 30,219,141 shares of the Wireless communications provider's stock valued at $409,662,000 after purchasing an additional 6,659,564 shares during the last quarter. Norges Bank bought a new position in TELUS during the fourth quarter worth about $70,212,000. National Bank of Canada FI increased its position in TELUS by 24.2% during the third quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider's stock worth $438,922,000 after buying an additional 5,094,269 shares during the last quarter. Finally, Mufg Securities Canada LTD. raised its stake in TELUS by 68.9% in the fourth quarter. Mufg Securities Canada LTD. now owns 2,236,163 shares of the Wireless communications provider's stock valued at $30,299,000 after buying an additional 912,277 shares during the period. 49.40% of the stock is currently owned by institutional investors and hedge funds.
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; healthcare 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, as well as mobile and fixed voice and data telecommunications services and products.
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