TELUS Corporation (NYSE:TU) witnessed a decline in the market cap on Wednesday as its shares dropped 0.51% or 0.17 points. The $45 average target is 3.16% above today’s ($43.62) stock price.
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Out of 3 analysts covering Telus Corporation (NYSE:TU), 3 rate it “Buy”, 0 “Sell”, while 0 “Hold”.
Getting rid of the full-time positions will save C$100 million ($76 million) to C$125 million a year, the Vancouver-based company said in its third-quarter earnings statement. The firm has a 50 day moving average price of $32.60 and a 200-day moving average price of $33.59.
The company reiterated its 2015 earnings forecasts, but doubled its expected restructuring costs to C$250 million ($190 million). Sales rose 2.9 per cent to $5.35-billion from $5.2-billion a year earlier. With the volume soaring to 1,014,130 shares, the last trade was called at $43.2. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.31. The higher estimate for the short term price target is at $56 while the lower estimate is at $43. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. It has underperformed by 2.13% the S&P500. For the week, the shares have seen a change of -0.24% in the share price. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 4.62%.
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BCE Inc.is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. During the fiscal year ended March 14, 2012, the Company operates in four segments: Bell Wireline, Bell Wireless, Bell Media and Bell Aliant. Canada’s government in 2013 put an end to cancellation fees for contracts longer than two years, potentially leaving twice the usual number of wireless users free to switch providers this year. (Q9), a 28% indirect equity interest in Maple Leaf Sports & Entertainment Ltd. (MLSE), an 18.4% indirect equity interest in things that run the Montreal Canadians Hockey Club and the Bell Centre in Montreal, and a 15% equity interest in The Globe and Mail. Bell Media is Canadas multimedia company with assets in television, radio and digital media, including CTV Inc.
