1 week Ago By ABMN Staff
TELUS ( NYSE:TU – Get Free Report ) (TSE:T) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday. Separately, Canaccord Genuity Group lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th.
Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.
33. Get Our Latest Report on TELUS TELUS Stock Up 0.2 % TELUS ( NYSE:TU – Get Free Report ) (TSE:T) last issued its earnings results on Friday, August 2nd.
The Wireless communications provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.
09. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.
70 billion. TELUS had a return on equity of 8.50% and a net margin of 3.
87%. During the same quarter in the prior year, the business earned $0.14 earnings per share.
Equities research analysts forecast that TELUS will post 0.73 earnings per share for the current fiscal year. Institutional Trading of TELUS A number of hedge funds and other institutional investors have recently made changes to their positions in the stock.
Fairscale Capital LLC bought a new stake in TELUS in the second quarter valued at about $27,000. Blue Trust Inc. lifted its holdings in TELUS by 60.
4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock worth $41,000 after buying an additional 954 shares during the last quarter.
Gulf International Bank UK Ltd grew its position in shares of TELUS by 39.8% in the 1st quarter. Gulf International Bank UK Ltd now owns 2,752 shares of the Wireless communications provider’s stock worth $44,000 after acquiring an additional 784 shares in the last quarter.
UniSuper Management Pty Ltd bought a new stake in shares of TELUS in the 1st quarter valued at approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of TELUS during the 1st quarter valued at approximately $71,000.
Institutional investors own 49.40% of the company’s stock. TELUS Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.
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