Published: Sat, August 12, 2017
Business | By Max Garcia

TELUS Corporation (NYSE:TU) Shares Bought by Credit Suisse AG

Media coverage about TELUS Corporation (NYSE:TU) (TSE:T) has trended positive recently, Accern Sentiment Analysis reports. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.26 billion. Raymond James Trust N.A. increased its stake in TELUS Corporation by 7.3% in the first quarter. The stock has a market capitalization of $21.29 billion, a P/E ratio of 21.03 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. The Cibc Asset Management Inc holds 11.02 million shares with $350.75 million value, down from 11.03 million last quarter.

TELUS (TSE T) traded down 1.60% during mid-day trading on Friday, hitting $44.82. Finally, Vanguard Group Inc. boosted its position in shares of TELUS Corporation by 4.1% in the first quarter. The fund owned 35,211 shares of the Wireless communications provider's stock after selling 5,267 shares during the period.

Several research analysts have issued reports on TU shares. The stock has a 50 day moving average of $35.40 and a 200-day moving average of $33.69.

11/20/2014 - Citigroup began new coverage on TELUS Corporation giving the company a "buy" rating. As of the end of the quarter Public Sector Pension Investment Board had bought a total of 227,400 shares growing its holdings by 24.0%. Telus had 28 analyst reports since August 10, 2015 according to SRatingsIntel. 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. Investors of record on Friday, September 8th will be issued a $0.3884 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.39%. The stock of TELUS Corporation (USA) (NYSE:TU) earned "Outperform" rating by Macquarie Research on Tuesday, January 26.

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Among 21 analysts covering Boeing (NYSE:BA), 12 have Buy rating, 1 Sell and 8 Hold. The value of the total investment in Telus Corporation Ordinary Shar went from $3,064,000 to $3,652,000 a change of $588,000 for the reporting period. The average 1 year price target among brokerages that have covered the stock in the last year is C$47.75.

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. The Company's data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud services, and certain healthcare solutions.

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