Brokerages Set TELUS Co. (TSE:T) Price Target at C$24.00

TELUS Co. (TSE:T) (NYSE:TU) has been given a consensus recommendation of “Hold” by the eleven research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$24.00.

A number of research analysts have issued reports on the stock. Royal Bank of Canada decreased their price target on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. TD Securities lowered their price target on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. cut their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a report on Thursday, January 2nd. CIBC reduced their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays lowered their price target on shares of TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th.

TELUS Stock Performance

Shares of TSE:T opened at C$20.18 on Wednesday. The firm’s 50 day simple moving average is C$20.71 and its 200-day simple moving average is C$21.58. The firm has a market cap of C$29.87 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. TELUS has a one year low of C$19.10 and a one year high of C$24.92. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Friday, November 8th. The company reported C$0.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.05. TELUS had a net margin of 3.91% and a return on equity of 4.67%. During the same period last year, the firm earned $0.25 earnings per share. As a group, equities analysts predict that TELUS will post 1.2267985 EPS for the current year.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were paid a $0.402 dividend. This represents a $1.61 annualized dividend and a dividend yield of 7.97%. The ex-dividend date was Wednesday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.39. TELUS’s dividend payout ratio (DPR) is presently 294.34%.

Insider Buying and Selling at TELUS

In related news, Director Marc Parent purchased 19,100 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were purchased at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. Also, Director Victor George Dodig acquired 100,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00. Insiders own 0.02% of the company’s stock.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.