Telus Reported US$0.66 EPS in its July Report

Published By : 07 Aug 2015 | Published By : QYRESEARCH

Telus, a Canadian telecom company, has reported an EPS of US$0.66 for the quarter, matching the consensus estimate of Thomson Reuters. 412,560 shares of the Telus' stock exchanged hands.

The executive chairman of Telus, Mr. Darren Entwistle, stated that their robust second quarter results showcase the benefits the company by putting its customers at first priority, each and every day. TELUS has a low of US$32.53 for 52 week and a high of US$38.94 for the same duration.

Although the operating revenues are rising, but the net income for the company has witnessed a decline of 10.5%. The ARPU of Telus rose by 2.9%, reaching US$63.48. The revenue of the company was increased 5.1% on a year-on-year basis. Over years of a company-wide commitment to earn customer loyalty genuinely, they continue to gain the trust of their customers, which is demonstrated by the result of this quarter’s North American-leading customer loyalty measure. The firm exhibit only a 0.86% postpaid wireless churn rate per month, added Mr. Entwistle.

The telecom firm has a market capital of US$20.53 billion and a PTE ratio of 18.51. A 'buy' rating was given by Canaccord Genuity to the stocks of the firm in a report on Thursday, July 16th, 2015. JPMorgan Chase & Co. raised their target price on the stock to C$45.00 from C$44.00 and rated it with a 'neutral' rating in a note published on Friday, May 8th, 2015.

Barclays decreased their price target on the firm to US$36.00 from US$39.00 and gave an 'overweight' rating on the stock in a report published on Monday, Aug 03rd, 2015.
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