TELUS Corporation (NYSE:TU) (TSE:T) announced its quarterly earnings data on Friday. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.26 billion. Bank of Montreal Can now owns 20,367,826 shares of the Wireless communications provider's stock valued at $661,547,000 after buying an additional 2,588,423 shares during the period. 438,768 stocks of the firms shares transacted hands. the share has a valuation of $21.09 B, a PE book ratio of 20.83 along with a stock beta of 0.89. Analysts expect next quarter's EPS to be $0.54 and the next full year EPS is anticipated to be $2.27. CIBC Asset Management Inc boosted its position in shares of TELUS Corporation by 4.0% in the second quarter.
Shares of TELUS Corporation (NYSE:TU) traded down 0.84% during trading on Friday, hitting $35.38. Institutional investors and hedge funds own 52.53% of the company's stock.
Several research analysts have issued reports on TU shares. The stock has a 50 day moving average price of $35.40 and a 200 day moving average price of $33.69. Finally, Gulf International Bank UK Ltd increased its stake in TELUS Corporation by 1.1% in the first quarter. Korea Investment CORP bought a new position in TELUS Corporation during the first quarter valued at about $156,000.
Among 5 analysts covering Telus (TSE:T), 2 have Buy rating, 0 Sell and 3 Hold. TELUS Corporation has a 52 week low of $30.31 and a 52 week high of $36.77. After having $0.74 EPS previously, TELUS Corporation's analysts see -2.70 % EPS growth. Finally, Morgan Stanley upped their target price on shares of TELUS from C$44.00 to C$46.00 in a report on Wednesday, May 17th. Scotiabank raised their price target on TELUS from C$44.00 to C$46.00 and gave the company a "sector perform" rating in a report on Wednesday, April 26th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.3884 per share. This represents a $1.97 dividend on an annualized basis and a yield of 4.40%.
TRADEMARK VIOLATION NOTICE: "TELUS Corporation (NYSE:TU) Issues Earnings Results" was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another site, it was copied illegally and reposted in violation of US & global trademark and copyright law. The correct version of this news story can be read at https://www.com-unik.info/2017/08/12/telus-corporation-tu-position-cut-by-wells-fargo-company-mn-updated-updated.html. BidaskClub upgraded shares of TELUS Corporation from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 5th. The company now has a consensus rating of "Buy" and an average price target of $41.33. Zacks Lowered stocks of TELUS Corporation from a "hold" recommendation to a "sell" recommendation in a analysis report on early Thur, May 4th.
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada.