TELUS (NYSE:TU) Stock Rating Upgraded by StockNews.com

TELUS (NYSE:TU) (TSE:T) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other analysts have also recently issued reports on TU. Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Morgan Stanley assumed coverage on TELUS in a research report on Monday, December 16th. They set an “equal weight” rating for the company. Finally, National Bank Financial downgraded TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.00.

TELUS Stock Up 0.5 %

TU opened at $14.57 on Monday. The company’s 50-day moving average price is $14.27 and its two-hundred day moving average price is $15.47. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. TELUS has a twelve month low of $13.24 and a twelve month high of $18.16. The stock has a market cap of $21.85 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 4.85 and a beta of 0.75.

Institutional Investors Weigh In On TELUS

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc increased its holdings in TELUS by 195,100.0% in the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 1,951 shares in the last quarter. Blue Trust Inc. raised its position in shares of TELUS by 58.0% during the 3rd quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider’s stock valued at $67,000 after purchasing an additional 1,468 shares during the period. Avior Wealth Management LLC lifted its stake in shares of TELUS by 1,756.0% during the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock valued at $65,000 after buying an additional 4,548 shares in the last quarter. Trust Co. of Vermont boosted its holdings in TELUS by 19.0% in the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 1,218 shares during the period. Finally, Blueshift Asset Management LLC purchased a new stake in TELUS in the 4th quarter worth $142,000. 49.40% of the stock is currently owned by institutional investors.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.