TELUS (TSE:T) Hits New 1-Year Low – What’s Next?

TELUS Co. (TSE:T) (NYSE:TU) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$19.57 and last traded at C$19.60, with a volume of 326835 shares traded. The stock had previously closed at C$19.75.

Wall Street Analyst Weigh In

Several research firms have commented on T. Royal Bank of Canada reduced their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. TD Securities reduced their price target on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Barclays reduced their price objective on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Scotiabank reduced their price target on TELUS from C$24.00 to C$23.25 in a research report on Tuesday, November 26th. Finally, National Bankshares downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$24.00 to C$22.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, TELUS currently has a consensus rating of “Hold” and an average target price of C$24.23.

TELUS Stock Performance

The firm has a market capitalization of C$28.98 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 1.65 and a beta of 0.72. The firm has a 50 day moving average price of C$21.68 and a 200-day moving average price of C$21.88. 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 Increases Dividend

The company 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 is a boost from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a dividend yield of 8.21%. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS’s payout ratio is 294.34%.

Insiders Place Their Bets

In other news, Director Marc Parent acquired 19,100 shares of TELUS stock in a transaction on Tuesday, December 10th. The stock was bought at an average price of C$22.04 per share, for a total transaction of C$420,964.00. Also, Director Victor George Dodig bought 100,000 shares of TELUS stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. 0.02% of the stock is owned by company insiders.

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.