TELUS Corporation (TU) Earning Favorable Press Coverage, Analysis Shows

TELUS (TSE T) opened at 44.82 on Monday. Credit Suisse AG's holdings in TELUS Corporation were worth $7,715,000 as of its most recent SEC filing. Nexus Investment Management Inc. now owns 586,195 shares of the Wireless communications provider's stock valued at $18,997,000 after buying an additional 2,060 shares during the last quarter. The firm has a market capitalization of $26.92 billion and a PE ratio of 21.20. Next quarter's EPS is forecasted to be $0.54 with next year's EPS anticipated to be $2.27.

Telus said new postpaid wireless customers rose to 99,000 during the quarter, compared with 61,000 a year earlier. About shares traded. TELUS Corporation (USA) (NYSE:TU) has risen 9.57% since August 9, 2016 and is uptrending. Finally, Vanguard Group Inc. boosted its position in shares of TELUS Corporation by 4.1% in the first quarter. The institutional investor owned 237,569 shares of the Wireless communications provider's stock after buying an additional 4,531 shares during the period.

According to the latest research reports released, 1 analyst has issued a rating of "buy", 4 analysts "outperform", 8 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The company has a 50-day moving average of $35.30 and a 200-day moving average of $33.66. As of the end of the quarter Public Sector Pension Investment Board had acquired 227,400 shares growing its position 24.0%. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock.

TU has been the topic of a number of analyst reports. Canaccord Genuity restated a "buy" rating and set a $47.00 price target on shares of TELUS Corporation in a research note on Monday, May 8th. Morgan Stanley increased their price objective on TELUS from C$44.00 to C$46.00 in a research report on Wednesday, May 17th.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Norges Bank bought a new position in shares of TELUS Corporation during the fourth quarter worth approximately $42,854,000.

TRADEMARK VIOLATION NOTICE: This news story was reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another domain, it was copied illegally and reposted in violation of U.S. & global copyright & trademark law. The legal version of this piece of content can be accessed at The stock of TELUS Corporation (TSE:T) has "Buy" rating given on Thursday, January 5 by Canaccord Genuity. Zacks Lowered stocks of TELUS Corporation from a "hold" recommendation to a "sell" recommendation in a analysis report on early Thur, May 4th.

Telus Corp, one of Canada's biggest telecom companies, reported a smaller-than-expected profit on Friday, as higher costs and weak growth in its wireline unit offset gains from its national wireless business.

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