TELUS Co. (TSE:T) Given Average Recommendation of “Moderate Buy” by Analysts

TELUS Co. (TSE:T) (NYSE:TU) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$24.58.

Several research analysts recently issued reports on T shares. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and cut their target price for the stock from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. National Bankshares cut their target price on shares of TELUS from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research report on Wednesday, June 26th. JPMorgan Chase & Co. cut their target price on shares of TELUS from C$24.00 to C$23.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. BMO Capital Markets upped their target price on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Finally, Scotiabank lowered their price target on shares of TELUS from C$24.25 to C$24.00 in a research note on Tuesday, August 6th.

Insider Buying and Selling

In other TELUS news, Director Marc Parent acquired 10,530 shares of the business’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of C$22.52 per share, for a total transaction of C$237,135.60. 0.02% of the stock is owned by insiders.

TELUS Trading Down 0.3 %

Shares of T stock opened at C$22.86 on Thursday. The company’s fifty day simple moving average is C$22.14 and its two-hundred day simple moving average is C$22.07. The stock has a market capitalization of C$33.83 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 2.07 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Friday, August 2nd. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.01. The firm had revenue of C$4.97 billion during the quarter, compared to analyst estimates of C$5.04 billion. TELUS had a net margin of 3.91% and a return on equity of 4.67%. As a group, analysts anticipate that TELUS will post 1.0714617 earnings per share for the current year.

TELUS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a $0.389 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Tuesday, September 10th. TELUS’s payout ratio is currently 294.34%.

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.