Shares of TELUS Co. (TSE:T – Get Free Report) (NYSE:TU) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$25.33.
A number of analysts recently commented on T shares. CIBC decreased their price target on TELUS from C$28.00 to C$26.00 in a research report on Thursday, April 4th. Cormark lowered their price objective on shares of TELUS from C$27.00 to C$26.00 in a research report on Wednesday, May 15th. Royal Bank of Canada reduced their target price on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 10th. Scotiabank dropped their price objective on TELUS from C$26.00 to C$24.25 and set a “sector perform” rating on the stock in a research note on Wednesday, April 17th. Finally, TD Securities raised their target price on TELUS from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st.
Get Our Latest Stock Analysis on TELUS
TELUS Price Performance
TELUS (TSE:T – Get Free Report) (NYSE:TU) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.26 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of C$4.93 billion for the quarter, compared to analysts’ expectations of C$5.06 billion. As a group, equities analysts anticipate that TELUS will post 1.0009001 EPS for the current year.
TELUS Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th will be issued a $0.389 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of ?. This is an increase from TELUS’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, June 10th. TELUS’s dividend payout ratio is presently 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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