TELUS Co. (NYSE:TU) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “hold” rating in a report released on Wednesday, The Fly reports.
Shares of TELUS (NYSE:TU) opened at 31.82 on Wednesday. The company has a market capitalization of $18.87 billion and a P/E ratio of 18.05. TELUS has a 1-year low of $24.34 and a 1-year high of $35.54. The firm has a 50-day moving average of $29.54 and a 200 day moving average of $30.13.
TELUS (NYSE:TU) last issued its quarterly earnings results on Thursday, February 11th. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.01. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the firm earned $0.53 earnings per share. TELUS’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts expect that TELUS will post $2.64 earnings per share for the current year.
Source: American Banking and Market News