TELUS Corporation (NYSE:TU) (TSE:T) – Stock analysts at National Bank Financial issued their Q3 2017 earnings per share (EPS) estimates for shares of TELUS Corporation in a research note issued on Monday. National Bank Financial analyst A. Shine expects that the Wireless communications provider will post earnings per share of $0.53 for the quarter. National Bank Financial also issued estimates for TELUS Corporation’s FY2018 earnings at $2.26 EPS and FY2019 earnings at $2.38 EPS.
Several other research analysts have also weighed in on the company. Scotiabank raised TELUS Corporation from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded TELUS Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Barclays PLC boosted their target price on TELUS Corporation from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 14th. BMO Capital Markets boosted their target price on TELUS Corporation from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. Finally, BidaskClub downgraded TELUS Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $43.50.
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TELUS Corporation (NYSE:TU) (TSE:T) last issued its quarterly earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). TELUS Corporation had a return on equity of 18.75% and a net margin of 9.55%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the business posted $0.70 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of TU. PNC Financial Services Group Inc. grew its stake in TELUS Corporation by 237.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the Wireless communications provider’s stock valued at $130,000 after purchasing an additional 2,662 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in TELUS Corporation in the second quarter valued at about $156,000. Perkins Coie Trust Co purchased a new position in TELUS Corporation in the second quarter valued at about $173,000. OLD National Bancorp IN purchased a new position in TELUS Corporation in the third quarter valued at about $208,000. Finally, Kassirer Asset Management Corp purchased a new position in TELUS Corporation in the second quarter valued at about $209,000. Hedge funds and other institutional investors own 50.71% of the company’s stock.
TELUS Corporation Company Profile
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 (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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