TELUS (NYSE:TU) Lowered to “Sector Perform” Rating by National Bank Financial

TELUS (NYSE:TU) (TSE:T) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Friday,Briefing.com Automated Import reports.

TU has been the subject of several other reports. Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. StockNews.com cut TELUS from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.00.

TELUS Stock Performance

TU opened at $14.76 on Friday. The firm has a market cap of $22.13 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73. The business’s fifty day moving average is $15.74 and its 200-day moving average is $15.98. TELUS has a 52-week low of $14.63 and a 52-week high of $18.68. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. Sell-side analysts expect that TELUS will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in TELUS during the 2nd quarter worth $27,000. Blue Trust Inc. boosted its stake in shares of TELUS by 60.4% during the second quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock valued at $41,000 after purchasing an additional 954 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of TELUS during the second quarter worth about $123,000. Trust Co. of Vermont increased its stake in shares of TELUS by 19.0% in the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock valued at $128,000 after buying an additional 1,218 shares during the period. Finally, Unique Wealth Strategies LLC bought a new position in TELUS in the 2nd quarter valued at approximately $141,000. 49.40% of the stock is currently owned by institutional investors.

About TELUS

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.