FY2016 Earnings Estimate for TELUS Corporation Issued By National Bank Financial (TU), Report finds

FY2016 Earnings Estimate for TELUS Corporation Issued By National Bank Financial (TU), Report finds

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.

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FY2016 Earnings Estimate for TELUS Corporation Issued By National Bank Financial (TU)

FY2016 Earnings Estimate for TELUS Corporation Issued By National Bank Financial (TU)

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.

Related posts

Leave a Comment