Should You Buy TELUS Corporation (NYSE:TU) On Current Analyst Views?

Should You Buy TELUS Corporation (NYSE:TU) On Current Analyst Views?

The stock of TELUS Corporation (USA) (NYSE:TU) earned "Neutral" rating by Goldman Sachs on Friday, December 4.

Wireless revenue was $1.85 billion, which included a 7.2 per cent increase in network revenue supported by the addition of 99,000 contract subscribers during the quarter. Finally, Nexus Investment Management Inc. raised its position in TELUS Corporation by 0.4% in the first quarter. Bank of Montreal Can now owns 20,367,826 shares of the Wireless communications provider's stock valued at $661,547,000 after buying an additional 2,588,423 shares during the period. The stock has a market cap of $20.91 billion, a price-to-earnings ratio of 20.65 and a beta of 0.89. Analysts expect next quarter's EPS to be $0.54 and the next full year EPS is anticipated to be $2.27. Janney Montgomery Scott LLC increased its stake in TELUS Corporation by 25.3% in the first quarter.

TELUS Corporation (TU) declined 0.97% throughout intraday market trading on Early Thur, reaching $35.68. Accern also assigned headlines about the Wireless communications provider an impact score of 46.1473792973572 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Shares are trading at $35.38 which is marginally over the 50 day moving average which is $35.36 and which is quite a bit above the 200 day moving average of $33.67. Can boosted its position in shares of TELUS Corporation by 12.1% in the second quarter. The value of the total investment in Telus Corporation Ordinary Shar increased from $30,682,000 to $40,515,000 increasing 32.0% for the reporting period. Beutel Goodman & Co Ltd. raised its stake in shares of TELUS Corporation by 1.3% in the first quarter. Telus had 28 analyst reports since August 10, 2015 according to SRatingsIntel. Zacks Investment Research upgraded TELUS Corporation from a "sell" rating to a "hold" rating in a report on Tuesday, April 18th. Additionally the company recently announced a dividend paid on Tuesday the 4th of July 2017. Investors of record on Friday, September 8th will be issued a $0.3884 dividend. The dividend yield was $4.50. TELUS Corporation's dividend payout ratio is presently 89.02%.

TRADEMARK VIOLATION NOTICE: "National Bank Financial Comments on TELUS Co.'s Q2 2017 Earnings (T)" was first posted by Stock Observer and is owned by of Stock Observer. If you are reading this story on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright & trademark law. TD Securities downgraded TELUS Corporation (USA) (NYSE:TU) on Wednesday, March 23 to "Hold" rating. The stock of TELUS Corporation (TSE:T) has "Buy" rating given on Thursday, January 5 by Canaccord Genuity. The Firm 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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