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(T) Price Target to C$50.00

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Reuters

(TSE:T) (NYSE:TU) have been assigned a consensus rating of "Hold" from the ten ratings firms that are now covering the firm, Marketbeat.com reports. The company had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $3.26 billion. Finally, Nexus Investment Management Inc. raised its position in TELUS Corporation by 0.4% in the first quarter.

The P/E ratio is 20.65 and the market value is 20.91B. During the same quarter in the previous year, the company earned $0.70 EPS. The Hillsdale Investment Management Inc holds 134,015 shares with $4.26 million value, down from 169,275 last quarter. About shares traded. TELUS Corporation (USA) (NYSE:TU) has risen 9.57% since August 9, 2016 and is uptrending.

The company reported adjusted earnings of 68 Canadian cents per share in the second quarter ended June 30, missing the average forecast of 72 Canadian cents of analysts polled by Thomson Reuters I/B/E/S. The firm's 50 day moving average is $45.08 and its 200 day moving average is $44.47. Finally, Bank of America Corp DE boosted its position in shares of TELUS Corporation by 15.2% in the first quarter. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. Zacks Investment Research raised TELUS Corporation from a "sell" rating to a "hold" rating in a report on Tuesday, April 18th. Additionally the company recently announced a dividend paid on Tuesday the 4th of July 2017. Shareholders of record on Friday, September 8th will be given a dividend of $0.4925 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.39%. TELUS Corporation's payout ratio is presently 89.02%.

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TRADEMARK VIOLATION NOTICE: "TELUS Corporation (NYSE:TU) Issues Earnings Results" was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another domain, it was stolen and republished in violation of global copyright and trademark laws. The correct version of this news story can be read at https://www.com-unik.info/2017/08/12/telus-corporation-tu-position-cut-by-wells-fargo-company-mn-updated-updated.html. Canaccord Genuity restated a "buy" rating and issued a $47.00 target price on shares of TELUS Corporation in a research note on Monday, May 8th. The stock of TELUS Corporation (USA) (NYSE:TU) earned "Buy" rating by Canaccord Genuity on Monday, August 10.

TELUS Corporation (TELUS) is a telecommunications company. TELUS Corporation has an average rating of "Buy" and an average price target of $41.33.

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. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

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