Telus wireless, Internet growth boost revenue, profit

Canaccord Genuity reiterated a hold rating on shares of TELUS in a research report on Thursday. Finally, Zacks upgraded TELUS from a sell rating to a hold rating in a report on Tuesday, October 13th.

In a research report last week, Scotia Capital Inc. analyst Jeff Fan said he believes that the main driver of the surge in new customers for Rogers was that company’s strategy of including “content perks” – such as online music or video streaming services – in high-end smartphone plans. The stock has an average rating of Buy and an average target price of $45.17.

John added, “Through the consistency of our performance and the quality of our asset mix, TELUS also continued to reward our valued shareholders in the third quarter with our multi-year share purchase and dividend growth programs”. The shares closed down 0.08 points or 0.18% at $43.2 with 1,014,130 shares getting traded. The company had a trading volume of 377,030 shares. TELUS Co. has a 12-month low of $31.05 and a 12-month high of $38.94. Barclays dropped their price objective on shares of BCE from $49.00 to $47.00 and set an overweight rating on the stock in a report on Monday, August 3rd. The company’s shares opened today at $43.37, close to its 52-week high of $45.22. On the contrary, the most bearish, or conservative analyst has a one-year target of $42.6. The business earned $3.20 million during the quarter, compared to analysts’ expectations of $3.16 million. The firm’s quarterly revenue was up 4.2% compared to the same quarter past year.

Analysts had on average expected Telus to earn 64 Canadian cents a share, according to Thomson Reuters I/B/E/S.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.29%.

TELUS Corporation is a telecommunications company. The Company operates in four segments: Bell Wireline, Bell Wireless, Bell Media and Bell Aliant. We are increasing our efficiency initiatives by an additional $125 million in the fourth quarter, which will include a net reduction of approximately 1,500 full-time positions, a notable number of which are voluntary departures and early retirements. Bell Wireline segment provides local telephone, long distance, data (including Internet access and information and communications technology (ICT) solutions) and other communications services.