TELUS Co. (TSE:T – Get Free Report) (NYSE:TU) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$25.33.
Several analysts recently weighed in on the stock. CIBC cut their price objective on shares of TELUS from C$28.00 to C$26.00 in a research report on Thursday, April 4th. BMO Capital Markets cut their price objective on shares of TELUS from C$26.00 to C$24.00 in a research report on Tuesday, April 2nd. Cormark cut their price objective on shares of TELUS from C$27.00 to C$26.00 in a research report on Wednesday, May 15th. JPMorgan Chase & Co. cut their price objective on shares of TELUS from C$27.00 to C$24.00 in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada dropped their price target on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 10th.
Read Our Latest Research Report on T
TELUS Trading Up 0.7 %
TELUS (TSE:T – Get Free Report) (NYSE:TU) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.26 earnings per share for the quarter, beating the consensus estimate of C$0.24 by C$0.02. The firm had revenue of C$4.93 billion for the quarter, compared to the consensus estimate of C$5.06 billion. TELUS had a net margin of 4.20% and a return on equity of 4.96%. On average, equities analysts expect that TELUS will post 1.0009001 earnings per share for the current year.
TELUS Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th were paid a $0.389 dividend. The ex-dividend date was Monday, June 10th. This represents a $1.56 annualized dividend and a dividend yield of 7.57%. This is a boost from TELUS’s previous quarterly dividend of $0.38. TELUS’s payout ratio is currently 288.46%.
About TELUS
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.
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