TELUS (NYSE:TU) was downgraded by StockNews.com to Sell

StockNews.com downgraded the stock TELUS (NYSE:TU – Free Report) (TSE:T) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

Separately, Canaccord Genuity Group lowered shares of TELUS from a strong-buy rating to a hold rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $27.33.

Read the latest research report on TELUS

TELUS stock performance

TU stock opened at $16.02 on Thursday. The firm has a market cap of $23.73 billion, a P/E ratio of 41.07, a PEG ratio of 2.48 and a beta of 0.73. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66, and a quick ratio of 0.61. TELUS has a one year low of $14.63 and a one year high of $19.14. The company has a fifty day moving average of $15.80 and a 200 day moving average of $16.27.

TELUS (NYSE:TU – Get Your Free Report ) (TSE:T) last announced its earnings results on Friday, August 2nd. The wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.09. TELUS had a return on equity of 8.50% and a net margin of 3.87%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period last year, the firm posted earnings of $0.14 per share. As a group, sell-side analysts anticipate that TELUS will post 0.73 EPS for the current year.

TELUS increases dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be given a $0.284 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents an annualized dividend of $1.14 and a dividend yield of 7.09%. This is an increase from TELUS’ previous quarterly dividend of $0.28. TELUS’s dividend payout ratio (DPR) is 292.32%.

Institutional inputs and outputs

A number of hedge funds have recently made changes to their positions in TU. CWM LLC boosted its holdings in TELUS by 104.3% in the fourth quarter. CWM LLC now owns 3,891 shares of the Wireless communications provider’s stock valued at $69,000 after purchasing an additional 1,986 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of TELUS by 21.9% during the 4th quarter. Russell Investments Group Ltd. now owns 544,463 shares of the Wireless communications provider’s stock valued at $9,736,000 after buying another 97,795 shares during that period. Kestra Private Wealth Services LLC boosted its stake in TELUS by 1.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 91,468 shares of the Wireless communications provider’s stock valued at $1,627,000 after bought an additional 1,418 shares in the last quarter. Natixis Advisors LP boosted its holdings in TELUS by 15.4% in the fourth quarter. Natixis Advisors LP now owns 96,631 shares of the Wireless communications provider’s stock worth $1,719,000 after buying an additional 12,890 shares during the period. Finally, M&T Bank Corp raised its stake in TELUS by 14.9% in the 4th quarter. M&T Bank Corp now owns 29,732 shares of the Wireless communications provider’s stock worth $529,000 after buying an additional 3,860 shares. shares in the last quarter. 49.40% of shares are currently owned by institutional investors.

TELUS Company Profile

(Get a free report)

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through the segments Technology Solutions and Digitally Driven Customer Experiences. The Technology Solutions segment offers a wide range of telecommunications products and services; network services; medical services; equipment for mobile technologies; data services such as internet protocol; television; hosting, managed information technology and cloud-based services; software, data management and smart technologies for food chain and marine goods based on data analysis; home and business security; software and technology solutions for healthcare; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.

Further reading

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