Analysts Set TELUS Co. (TSE:T) Target Price at C$24.00

TELUS Co. (TSE:T) (NYSE:TU) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$24.00.

A number of analysts have recently commented on T shares. CIBC cut their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Scotiabank cut their price objective on TELUS from C$23.25 to C$22.50 and set a “sector perform” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their target price on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Cormark dropped their price target on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. Finally, TD Securities lowered their target price on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd.

TELUS Trading Up 0.8 %

TSE T opened at C$20.14 on Wednesday. TELUS has a 1 year low of C$19.10 and a 1 year high of C$24.92. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. The company has a market capitalization of C$29.81 billion, a PE ratio of 38.00, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a fifty day moving average of C$20.75 and a 200 day moving average of C$21.58.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were paid a $0.402 dividend. 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%. The ex-dividend date was Wednesday, December 11th. TELUS’s dividend payout ratio is currently 294.34%.

Insider Activity at TELUS

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

TELUS Company Profile

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.