TELUS Corporation (NYSE:TU) (TSE:T) – Equities research analysts at National Bank Financial decreased their FY2016 earnings per share (EPS) estimates for TELUS Corporation in a research report issued to clients and investors on Monday. National Bank Financial analyst A. Shine now forecasts that the firm will post earnings per share of $1.98 for the year, down from their previous forecast of $2.00. National Bank Financial currently has a “Outperform” rating on the stock. National Bank Financial also issued estimates for TELUS Corporation’s Q4 2016 earnings at $0.43 EPS.
A number of other research analysts have also recently weighed in on TU. BMO Capital Markets reaffirmed a “hold” rating on shares of TELUS Corporation in a report on Monday, November 7th. Zacks Investment Research raised shares of TELUS Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, November 9th. Canaccord Genuity reissued a “buy” rating and set a $47.00 target price on shares of TELUS Corporation in a research note on Monday. Finally, TheStreet cut shares of TELUS Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. TELUS Corporation has an average rating of “Hold” and a consensus target price of $41.00.
Shares of TELUS Corporation (NYSE:TU) opened at 33.50 on Wednesday. TELUS Corporation has a 52 week low of $27.46 and a 52 week high of $34.12. The stock has a market capitalization of $19.80 billion, a P/E ratio of 18.48 and a beta of 0.89. The company has a 50-day moving average of $32.91 and a 200-day moving average of $32.54.
A number of institutional investors have recently bought and sold shares of the stock. 1832 Asset Management L.P. raised its position in TELUS Corporation by 4.4% in the third quarter. 1832 Asset Management L.P. now owns 10,899,841 shares of the company’s stock valued at $359,771,000 after buying an additional 456,808 shares during the last quarter. CIBC World Markets Inc. raised its position in TELUS Corporation by 0.3% in the third quarter. CIBC World Markets Inc. now owns 10,143,281 shares of the company’s stock valued at $334,728,000 after buying an additional 34,337 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in TELUS Corporation during the third quarter valued at $314,872,000. Vanguard Group Inc. raised its position in TELUS Corporation by 14.9% in the second quarter. Vanguard Group Inc. now owns 4,159,797 shares of the company’s stock valued at $133,946,000 after buying an additional 540,954 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its position in TELUS Corporation by 0.6% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,996,330 shares of the company’s stock valued at $98,696,000 after buying an additional 16,404 shares during the last quarter. Institutional investors own 54.40% of the company’s stock.
About TELUS Corporation
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.