TELUS (NYSE:TU) Issues Quarterly Earnings Results

TELUS (NYSE:TU) (TSE:T) posted 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 Performance

Shares of NYSE:TU traded up $0.52 during trading on Thursday, reaching $15.11. 2,326,942 shares of the stock were exchanged, compared to its average volume of 3,777,432. TELUS has a 12 month low of $13.24 and a 12 month high of $18.16. The firm has a market cap of $22.66 billion, a PE ratio of 32.16, a PEG ratio of 4.85 and a beta of 0.75. The stock has a 50-day moving average price of $14.23 and a 200-day moving average price of $15.46. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TU shares. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. StockNews.com raised TELUS from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley began coverage on TELUS in a research report on Monday, December 16th. They set an “equal weight” rating on the stock. Finally, National Bank Financial cut TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, TELUS has an average 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.