Telus Corp. (NYSE:TU) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 5,197,859 shares, a decline of 24.2% from the August 31st total of 6,859,669 shares. Based on an average daily volume of 185,006 shares, the short-interest ratio is currently 28.1 days. Approximately 0.9% of the company’s stock are sold short.
Several large investors have recently added to or reduced their stakes in the company. Fairpointe Capital LLC purchased a new position in shares of Telus Corp. during the first quarter valued at $218,000. Nikko Asset Management Americas Inc. purchased a new position in shares of Telus Corp. during the first quarter valued at $259,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Telus Corp. during the second quarter valued at $260,000. Cubist Systematic Strategies LLC increased its position in shares of Telus Corp. by 4,773.4% in the second quarter. Cubist Systematic Strategies LLC now owns 9,357 shares of the company’s stock valued at $301,000 after buying an additional 9,165 shares during the period. Finally, Lombard Odier & Cie Canada Limited Partnership increased its position in shares of Telus Corp. by 7.5% in the second quarter. Lombard Odier & Cie Canada Limited Partnership now owns 9,800 shares of the company’s stock valued at $314,000 after buying an additional 680 shares during the period. 52.94% of the stock is owned by institutional investors.
Telus Corp. (NYSE:TU) opened at 32.46 on Thursday. The firm has a market capitalization of $19.22 billion, a price-to-earnings ratio of 18.00 and a beta of 0.90. Telus Corp. has a 1-year low of $24.34 and a 1-year high of $34.12. The firm has a 50-day moving average of $32.87 and a 200-day moving average of $32.35.
Telus Corp. (NYSE:TU) last released its quarterly earnings data on Friday, August 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Telus Corp. had a net margin of 11.26% and a return on equity of 19.92%. The company earned $3.15 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts expect that Telus Corp. will post $2.02 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were given a $0.3505 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Wednesday, September 7th. Telus Corp.’s payout ratio is currently 77.78%.
Several research firms have recently issued reports on TU. Zacks Investment Research cut shares of Telus Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 29th. TheStreet raised shares of Telus Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Barclays PLC lifted their price objective on shares of Telus Corp. from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, August 8th. Canaccord Genuity reaffirmed a “hold” rating on shares of Telus Corp. in a research report on Friday, August 5th. Finally, Desjardins raised shares of Telus Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Telus Corp. presently has a consensus rating of “Hold” and an average price target of $40.67.
Telus Corp. 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, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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