TELUS Co. (TSE:T) Receives Consensus Rating of “Hold” from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$24.23.

T has been the topic of a number of research reports. National Bankshares cut shares of TELUS from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$24.00 to C$22.00 in a research note on Friday, December 13th. Royal Bank of Canada reduced their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets increased their target price on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Barclays reduced their price target on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Finally, Scotiabank dropped their price objective on shares of TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th.

TELUS Trading Up 0.6 %

Shares of TELUS stock opened at C$19.92 on Friday. The firm has a market capitalization of C$29.48 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58. The firm’s 50 day moving average is C$21.68 and its 200 day moving average is C$21.89. TELUS has a 1 year low of C$19.57 and a 1 year high of C$24.92.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a $0.402 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.07%. This is an increase from TELUS’s previous quarterly dividend of $0.39. TELUS’s payout ratio is 294.34%.

Insider Activity

In other TELUS news, Director Marc Parent purchased 19,100 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were purchased at an average cost of C$22.04 per share, with a total value of C$420,964.00. Also, Director Victor George Dodig acquired 100,000 shares of TELUS stock in a transaction dated Thursday, November 14th. The shares were bought 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.

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.