TELUS Corporation (USA) (TU) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.70 EPS for the quarter. Analysts had a consensus estimate of $0.70. The company posted revenue of $3108.00 million in the period, compared to analysts expectations of $3114.32 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
Many Wall Street Analysts have commented on TELUS Corporation (USA). TELUS Corporation (USA) was Downgraded by TD Securities to ” Hold” on Mar 23, 2016. Shares were Reiterated by Barclays on Feb 12, 2016 to “Overweight” and Lowered the Price Target to $ 33 from a previous price target of $34 .
TELUS Corporation (USA) closed down -0.19 points or -0.61% at $30.84 with 2,65,458 shares getting traded on Wednesday. Post opening the session at $30.81, the shares hit an intraday low of $30.64 and an intraday high of $30.94 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
TELUS Corporation (TELUS) is a telecommunications company. The Company operates through two business segments: wireless segment and wireline segment. The wireless segment includes 8.1 million wireless subscribers. The wireline segment includes 3.2 million wireline network access lines (NALs). The Company provides a range of telecommunications services and products including wireless and wireline voice and data; TELUS TV a high-definition entertainment service with Optik TV and TELUS Satellite TV (TELUS Satellite TV is offered only in British Columbia and Alberta); Internet Protocol networks and applications; contact center and business process outsourcing solutions; hosting managed IT and cloud-based services around Internet of Things; TELUS Health’s technology including pharmacy management electronic medical and health record remote patient monitoring and online settlement claims management solutions and conferencing and collaboration equipment and application solutions.