12 August, 2017
Telus (NYSE:TU) is 0.9% lower in USA trading after Q2 results where profits declined and missed expectations, though the company beat on revenues and posted solid operational numbers. The firm owned 4,680,743 shares of the Wireless communications provider's stock after buying an additional 182,298 shares during the period. DT Investment Partners LLC's holdings in TELUS Corporation were worth $1,256,000 as of its most recent SEC filing. Lazard Asset Limited Company reported 45,783 shares.
In terms of earnings per share, 9 analysts have a 0.69 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 9 analysts have a 0.57 EPS mean target and for the quarter ending Dec-17 there are 16 estimates of 2.72 EPS. Atria Investments Llc acquired 18,216 shares as Southern Co (SO)'s stock rose 4.35%. The dividend payment was $0.358 per share for the quarter which comes to $1.43 on an annualized basis. The value of the investment in Telus Corporation Ordinary Shar increased from $73,252,000 to $104,724,000 a change of 43.0% for the reporting period. CGOV Asset Management now owns 1,737,899 shares of the Wireless communications provider's stock worth $75,025,000 after buying an additional 86,700 shares during the last quarter. Can raised its position in TELUS Corporation by 8.2% in the first quarter. Hedge funds and other institutional investors own 52.53% of the company's stock. The stock of TELUS Corporation (USA) (NYSE:TU) has "Buy" rating given on Thursday, August 11 by Desjardins Securities.
It is trading at $36.24 which is marginally higher than $35.13, the 50 day moving average and marginally over the 200 day moving average of $33.58.
The P/E ratio is now 20.83 and the market value is 21.09B.
The biggest institutional shareholders in TELUS Corporation include Royal Bank Of Canada which owns 40 million shares in the company valued at $1.29 B million.
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A number of brokerages have recently commented on TU. TD Securities increased their target price on shares of TELUS from C$47.00 to C$49.00 and gave the stock a "hold" rating in a research report on Friday, May 12th. Canaccord Genuity reaffirmed a "buy" rating and issued a $47.00 price objective on shares of TELUS Corporation in a research note on Monday, May 8th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. (NASDAQ:ON), 12 have Buy rating, 1 Sell and 7 Hold. TELUS Corporation presently has a consensus rating of "Buy" and an average target price of $41.33.
Among 9 analysts covering Telus Corporation (NYSE:TU), 6 have Buy rating, 0 Sell and 3 Hold. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data.
