Goldman Begins Coverage on Telus (NYSE:TU). What’s Next?

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How Goldman Currently Rates Telus (NYSE:TU)

New York: Telus (NYSE:TU) coverage was initiated with a “Neutral” rating by equity analysts at Goldman. This was distributed to Clients in a note on Friday morning.

From a total of 8 analysts covering Telus Corporation (NYSE:TU) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $35.79 while the lowest target price is $32.18. The mean of all analyst targets is $34.18 with a 32.59% above today’s ($31.3) stock price. Telus Corporation was the topic of 4 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 6 with “Outperform” rating.

Approximately 36,557 shares of stock traded hands. TELUS Corporation (USA) (NYSE:TU) has declined 9.08% since May 1, 2015 and is downtrending. It has underperformed by 6.29% the S&P500.

Goldman Begins Coverage on Telus (NYSE:TU). What’s Next?

TELUS Corporation is a telecommunications company. The company has a market cap of $18.93 billion. The Firm operates through two business divisions: wireless segment and wireline segment. It has 17.74 P/E ratio. The wireless segment includes 8.1 million wireless subscribers.

According to Zacks Investment Research, “Telus Corp is the largest telecommunications company in Western Canada and the second largest in the country. The company provides clients with a full range of telecommunications products and services including data, Internet Protocol, voice and TELUS Mobility wireless services across Canada.” Get a free copy of the Zacks research report on TELUS Corporation (USA) (TU).

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