TELUS (NYSE:TU) Issues Earnings Results, Beats Expectations By $0.02 EPS

TELUS (NYSE:TU) (TSE:T) released its quarterly earnings data on Thursday. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02, Zacks reports. TELUS had a net margin of 4.56% and a return on equity of 8.80%.

TELUS Price Performance

Shares of TELUS stock traded up $0.57 on Thursday, hitting $15.16. The company’s stock had a trading volume of 2,460,955 shares, compared to its average volume of 3,780,791. The company has a market capitalization of $22.73 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 4.85 and a beta of 0.75. The firm has a fifty day moving average price of $14.23 and a 200-day moving average price of $15.46. 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 has a 1 year low of $13.24 and a 1 year high of $18.16.

Wall Street Analysts Forecast Growth

TU has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of TELUS in a research note on Monday, December 16th. They issued an “equal weight” rating for the company. National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. Finally, StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, TELUS currently has a consensus rating of “Hold” and a consensus target price of $26.00.

TELUS Company Profile

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.