TELUS (NYSE:TU) Issues Quarterly Earnings Results

TELUS (NYSE:TU) (TSE:T) released its earnings results on Thursday. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02, Zacks reports. TELUS had a return on equity of 8.80% and a net margin of 4.56%.

TELUS Stock Up 3.6 %

NYSE TU traded up $0.52 during trading hours on Thursday, hitting $15.11. The company’s stock had a trading volume of 2,326,942 shares, compared to its average volume of 3,777,432. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $22.66 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 4.85 and a beta of 0.75. TELUS has a 52 week low of $13.24 and a 52 week high of $18.16. The company’s 50-day simple moving average is $14.23 and its two-hundred day simple moving average is $15.46.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research note on Monday. National Bank Financial downgraded TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. Morgan Stanley started coverage on TELUS in a report on Monday, December 16th. They set an “equal weight” rating for the company. Finally, Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.00.

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.