TELUS Co. (TSE:T) Receives C$24.23 Average Price Target from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has received an average recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$24.23.

A number of research firms have weighed in on T. Barclays cut their price target on TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. National Bankshares lowered TELUS from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$24.00 to C$22.00 in a research report on Friday, December 13th. 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 report on Tuesday, December 3rd. Royal Bank of Canada cut their price objective on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, Cormark reduced their price objective on shares of TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th.

TELUS Stock Performance

Shares of T opened at C$19.45 on Friday. TELUS has a 1 year low of C$19.45 and a 1 year high of C$24.92. The stock has a market capitalization of C$28.79 billion, a PE ratio of 36.70, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The stock has a 50-day simple moving average of C$21.58 and a 200-day simple moving average of C$21.85.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be paid a $0.402 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 annualized dividend and a dividend yield of 8.27%. TELUS’s dividend payout ratio (DPR) is 294.34%.

Insider Transactions at TELUS

In other TELUS news, Director Marc Parent bought 19,100 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was 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 dated Thursday, November 14th. The shares were acquired at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. Corporate insiders own 0.02% of the company’s stock.

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.