Brokerages Set TELUS Co. (TSE:T) PT at C$24.46

Shares of TELUS Co. (TSE:T) (NYSE:TU) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$24.40.

A number of analysts have commented on the company. Barclays reduced their target price on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. CIBC lowered their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. Finally, TD Securities decreased their price objective on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

Insiders Place Their Bets

In related news, Director Victor George Dodig acquired 100,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. Insiders own 0.02% of the company’s stock.

TELUS Trading Up 0.3 %

TSE:T opened at C$21.79 on Tuesday. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94. The stock has a market cap of C$32.25 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 1.65 and a beta of 0.72. The company’s 50 day moving average price is C$22.07 and its 200-day moving average price is C$22.01. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a dividend of $0.402 per share. This represents a $1.61 annualized dividend and a yield of 7.38%. This is a positive change from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS’s payout ratio is 294.34%.

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.