TELUS Corporation (USA) (TU) is Upgraded by Desjardins to Buy

TELUS Corporation (USA) (TU) was Upgraded by Desjardins to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Desjardins advised their investors in a research report released on Aug 11, 2016.

On the company’s financial health, TELUS Corporation (USA) reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.69. The company had revenue of $3148.00 million for the quarter, compared to analysts expectations of $3186.14 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

TELUS Corporation (USA) opened for trading at $33.13 and hit $33.17 on the upside on Monday, eventually ending the session at $33.06, with a gain of 0.12% or 0.04 points. The heightened volatility saw the trading volume jump to 2,57,708 shares. Company has a market cap of $19,605 M.

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.

TELUS Corporation (USA)

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