TELUS (NYSE:TU) (TSE:T) posted its quarterly earnings data on Thursday. The Wireless communications provider reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01, Briefing.com reports. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. TELUS had a return on equity of 16.75% and a net margin of 11.91%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share.
NYSE:TU traded up $0.31 during trading hours on Friday, hitting $37.71. 524,737 shares of the company’s stock traded hands, compared to its average volume of 409,370. The firm has a market cap of $21.37 billion, a P/E ratio of 17.62, a P/E/G ratio of 2.54 and a beta of 0.67. TELUS has a 52 week low of $32.46 and a 52 week high of $38.32. The business’s fifty day simple moving average is $35.91 and its two-hundred day simple moving average is $36.48. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 1.42.
TU has been the subject of several research analyst reports. Scotiabank raised TELUS from a “sector perform” rating to an “outperform” rating in a research note on Friday. Bank of America raised TELUS from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Monday, September 30th. Finally, Canaccord Genuity lowered TELUS from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. TELUS has a consensus rating of “Buy” and a consensus target price of $46.50.
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.
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