June 19, 2018

(TSE:T) Price Target Raised to C$50.00 at Scotiabank

12 August 2017, 03:44 | Melvin Schneider

Analysts await TELUS Corporation (USA) (NYSE:TU) to report earnings on August, 11 before the open.

Operating revenue rose to C$3.27 billion from C$3.15 billion, the company said. The value of the investment in Telus Corporation Ordinary Shar went from $2,654,000 to $3,478,000 a change of 31.0% quarter over quarter. Raymond James Trust N.A. now owns 6,854 shares of the Wireless communications provider's stock worth $222,000 after buying an additional 465 shares during the last quarter. The firm has a market capitalization of $26.92 billion and a PE ratio of 21.20.

Vancouver-based Telus signed up 99,000 new postpaid wireless customers in the quarter compared with 61,000 a year earlier.

Telus (NYSE:TU) is 0.9% lower in US trading after Q2 results where profits declined and missed expectations, though the company beat on revenues and posted solid operational numbers. The institutional investor owned 4,711 shares of the Wireless communications provider's stock after selling 4,153 shares during the period.

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The company reported adjusted earnings of 68 Canadian cents per share in the second quarter ended June 30, missing the average forecast of 72 Canadian cents of analysts polled by Thomson Reuters I/B/E/S. The stock's 50-day moving average is $35.36 and its 200-day moving average is $33.67. Bank of Montreal Can boosted its position in shares of TELUS Corporation by 14.6% in the first quarter. The Atria Investments Llc holds 43,379 shares with $2.13 million value, up from 25,163 last quarter. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. TELUS has a 52 week low of $40.97 and a 52 week high of $46.29.

TELUS Corporation (NYSE:TU) (TSE:T) last released its earnings results on Friday, August 11th. Scotiabank increased their target price on TELUS from C$44.00 to C$46.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 26th. The company also announced a dividend that was paid on Tue Jul 4, 2017. Korea Investment CORP purchased a new stake in TELUS Corporation during the first quarter worth approximately $156,000. Patten Gp has invested 0.94% of its portfolio in TELUS Corporation (TSE:T).

COPYRIGHT VIOLATION WARNING: "TELUS Corporation (NYSE:TU) Shares Bought by Credit Suisse AG" was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright & trademark law. Telus Corporation had 12 analyst reports since August 4, 2015 according to SRatingsIntel. TELUS Corporation presently has a consensus rating of "Buy" and an average target price of $41.33.

03/23/2016 - TELUS Corporation had its "hold" rating reiterated by analysts at TD Securities. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data.

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