TELUS Co. (TSE:T) Receives C$24.00 Average PT from Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$24.00.

Several equities analysts recently weighed in on T shares. JPMorgan Chase & Co. decreased their price target on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a research note on Thursday, January 2nd. Barclays decreased their target price on shares of TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. TD Securities dropped their price target on shares of 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. National Bank Financial lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Finally, National Bankshares dropped their price objective on TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Friday, January 3rd.

TELUS Trading Up 0.8 %

Shares of T opened at C$20.14 on Wednesday. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$24.92. The company has a market capitalization of C$29.81 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The stock has a fifty day moving average of C$20.75 and a two-hundred day moving average of C$21.58. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were given a $0.402 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This is a positive change from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a yield of 7.98%. TELUS’s dividend payout ratio (DPR) is 294.34%.

Insiders Place Their Bets

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