TELUS (TSE:T – Free Report) (NYSE:TU) had its price target lowered by Royal Bank of Canada from C$26.00 to C$25.00 in a report issued on Tuesday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
Several other research firms also recently commented on T. CIBC dropped their target price on TELUS from C$26.00 to C$25.00 in a report on Monday, July 8th. Canaccord Genuity Group dropped their price target on shares of TELUS from C$25.00 to C$23.00 and set a buy rating on the stock in a research note on Tuesday, July 9th. TD Securities reduced their price objective on shares of TELUS from C$27.00 to C$26.00 and set a buy rating for the company in a research note on Monday, July 22nd. National Bankshares decreased 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 report on Wednesday, June 26th. Finally, Cormark cut their price target on shares of TELUS from C$27.00 to C$26.00 in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, TELUS has an average rating of Moderate Buy and an average target price of C$24.50.
TELUS Trading Down 0.3 %
TELUS (TSE:T – Get Free Report) (NYSE:TU) last issued its quarterly earnings results on Friday, August 2nd. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.01. The firm had revenue of C$4.97 billion for the quarter, compared to analysts’ expectations of C$5.04 billion. TELUS had a return on equity of 4.96% and a net margin of 4.20%. As a group, analysts forecast that TELUS will post 1.0009001 EPS for the current fiscal year.
TELUS Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be given a dividend of $0.389 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a yield of 6.91%. TELUS’s dividend payout ratio (DPR) is 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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