Analysts See $0.72 EPS for TELUS Corporation

Telus Corp. said Friday that its second-quarter wireless revenue was $1.85 billion including a 7.2 per cent increase in network revenue supported by the addition of 99,000 contract subscribers during the quarter

TELUS Corporation was upgraded to "sector outperform" by analysts at CIBC. It also reduced Mylan N V (NASDAQ:MYL) stake by 10,539 shares and now owns 54,374 shares.

Telus added 17,000 internet connections and 5,000 television subscribers during the second quarter, slightly lower than what analysts were expecting, as Shaw gained market share, according to Huang. Bank of Montreal Can now owns 20,367,826 shares of the Wireless communications provider's stock valued at $661,547,000 after buying an additional 2,588,423 shares in the last quarter.

Vancouver-based Telus signed up 99,000 new postpaid wireless customers in the quarter compared with 61,000 a year earlier. Can now owns 6,680,083 shares of the Wireless communications provider's stock worth $216,755,000 after buying an additional 506,861 shares during the last quarter. Can raised its position in TELUS Corporation by 8.2% in the first quarter. Can boosted its position in shares of TELUS Corporation by 8.2% in the first quarter.

11/20/2014 - Citigroup began new coverage on TELUS Corporation giving the company a "buy" rating. Ubs Asset Management Americas Inc controls 105,952 shares worth $3,652,000. The value of the investment in Telus Corporation Ordinary Shar went from $2,654,000 to $3,478,000 a change of $824,000 since the last quarter. Vanguard Group Inc. now owns 4,680,743 shares of the Wireless communications provider's stock valued at $152,031,000 after buying an additional 182,298 shares in the last quarter. Institutional investors own 52.53% of the company's stock.

Shares of TELUS Corporation (TU) opened at 35.38 on Friday.

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Shares are trading at $35.38 which is marginally over the 50 day moving average which is $35.36 and which is quite a bit above the 200 day moving average of $33.67. The company has a market cap of $21.42 billion, a P/E ratio of 21.24 and a beta of 0.89.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.39%. TELUS Corporation's dividend payout ratio is presently 89.02%. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and global trademark and copyright legislation. The original version of this story can be viewed at https://www.thestockobserver.com/2017/08/09/national-bank-financial-comments-on-telus-co-s-q2-2017-earnings-t-updated-updated-updated.html.

TU has been the subject of several research analyst reports. The rating was upgraded by Zacks to "Hold" on Sunday, August 16. Finally, BidaskClub raised TELUS Corporation from a "hold" rating to a "buy" rating in a report on Tuesday, June 20th.

Among 15 analysts covering The Southern Company (NYSE:SO), 3 have Buy rating, 3 Sell and 9 Hold. The stock of TELUS Corporation (USA) (NYSE:TU) has "Buy" rating given on Thursday, August 11 by Desjardins Securities.

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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