Victor George Dodig Buys 100,000 Shares of TELUS Co. (TSE:T) Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Victor George Dodig bought 100,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of C$21.38 per share, with a total value of C$2,138,000.00.

TELUS Stock Performance

T opened at C$21.39 on Monday. The company has a market capitalization of C$31.66 billion, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 1.65 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 Co. has a 1-year low of C$20.04 and a 1-year high of C$25.94. The business has a 50 day moving average price of C$22.29 and a two-hundred day moving average price of C$22.05.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.402 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date of this dividend is Wednesday, December 11th. This is an increase from TELUS’s previous quarterly dividend of $0.39. TELUS’s dividend payout ratio is 294.34%.

Analyst Ratings Changes

T has been the subject of several recent research reports. Royal Bank of Canada lowered their target price on TELUS from C$26.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. 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 report on Tuesday, August 6th. BMO Capital Markets boosted their price objective on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Canaccord Genuity Group downgraded TELUS from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. Finally, Barclays reduced their price objective on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$24.46.

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.