TELUS (TSE:T) PT Lowered to C$23.00 at JPMorgan Chase & Co.

TELUS (TSE:T) (NYSE:TU) had its price target lowered by JPMorgan Chase & Co. from C$24.00 to C$23.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

T has been the topic of several other research reports. Canaccord Genuity Group decreased 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 report on Tuesday. TD Securities lifted their target price on TELUS from C$25.00 to C$27.00 and gave the stock a buy rating in a report on Tuesday, May 21st. Royal Bank of Canada reduced their target price on TELUS from C$29.00 to C$26.00 and set a sector perform rating for the company in a report on Wednesday, April 10th. BMO Capital Markets dropped their price target on TELUS from C$26.00 to C$24.00 in a research note on Tuesday, April 2nd. Finally, CIBC reduced their price objective on shares of TELUS from C$26.00 to C$25.00 in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$24.94.

TELUS Stock Up 1.0 %

Shares of TSE:T opened at C$21.19 on Wednesday. The company’s fifty day moving average is C$21.83 and its two-hundred day moving average is C$22.69. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67. TELUS has a 1-year low of C$20.04 and a 1-year high of C$25.94. The stock has a market capitalization of C$31.36 billion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 2.07 and a beta of 0.67.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Thursday, May 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.02. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The firm had revenue of C$4.93 billion during the quarter, compared to analyst estimates of C$5.06 billion. Equities analysts anticipate that TELUS will post 1.0009001 EPS for the current year.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 10th were issued a $0.389 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend was Monday, June 10th. This is an increase from TELUS’s previous quarterly dividend of $0.38. TELUS’s dividend payout ratio is currently 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.