July 21, 2018

(TSE:T) Target Price at $47.50

12 August 2017, 03:42 | Joann Bryant

Should You Buy TELUS Corporation (NYSE:TU) On Current Analyst Views?

Telus Corp. said Friday that its second-quarter wireless revenue was $1.85 billion including a 7.2 per cent increase in network revenue supported by the addition of 99,000 contract subscribers during the quarter

The share price of TELUS Corporation (NYSE:TU) was down -0.97% during the last trading session, with a day high of 36.03. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.26 billion. Chicago Partners Investment Group LLC bought a new position in TELUS Corporation during the second quarter valued at about $156,000. Nexus Investment Management Inc. now owns 586,195 shares of the Wireless communications provider's stock valued at $18,997,000 after buying an additional 2,060 shares during the last quarter.

The P/E ratio is 20.65 and the market value is 20.91B. Next quarter's EPS is forecasted to be $0.54 and the next full year EPS is projected to be $2.27. The Cibc Asset Management Inc holds 11.02 million shares with $350.75 million value, down from 11.03 million last quarter.

Shares of TELUS Corporation (NYSE TU) opened at 35.38 on Friday. NewSquare Capital LLC increased its stake in TELUS Corporation by 16.0% in the first quarter. The institutional investor owned 237,569 shares of the Wireless communications provider's stock after buying an additional 4,531 shares during the period. The firm's 50 day moving average is $45.08 and its 200 day moving average is $44.47.

11/20/2014 - Citigroup began new coverage on TELUS Corporation giving the company a "buy" rating. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. This represents a $1.97 dividend on an annualized basis and a yield of 4.40%.

TELUS Corporation had its "overweight" rating reiterated by analysts at Barclays.

TRADEMARK VIOLATION WARNING: This report was first published by StockNewsTimes and is owned by of StockNewsTimes.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Rincon Hill News and is the property of of Rincon Hill News. Finally, Canaccord Genuity reissued a "buy" rating and issued a $47.00 price target on shares of TELUS Corporation in a research report on Monday, May 8th. The correct version of this news story can be read at TD Securities maintained the stock with "Buy" rating in Monday, August 10 report.

TELUS Corporation (TELUS) is a telecommunications company. Lastly, BidaskClub boosted TELUS Corporation from a "hold" recommendation to a "buy" recommendation in a analysis report on Tue, Jun 20th. The company presently has an average rating of Buy and an average target price of C$47.44. The companys telecommunications products and services comprise wireless and wireline voice and data; data services, including Internet protocol; television; hosting, managed information technology, and cloud-based services; healthcare solutions; and business process outsourcing solutions.

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