TELUS (TSE:T) Hits New 52-Week Low at $20.48

TELUS Co. (TSE:T) (NYSE:TU)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$20.48 and last traded at C$20.48, with a volume of 249733 shares changing hands. The stock had previously closed at C$20.71.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada dropped their target price on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. cut their price objective on TELUS from C$27.00 to C$24.00 in a report on Wednesday, April 3rd. Scotiabank lowered their target price on TELUS from C$26.00 to C$24.25 and set a “sector perform” rating on the stock in a report on Wednesday, April 17th. Cormark cut their price target on TELUS from C$27.00 to C$26.00 in a research note on Wednesday, May 15th. Finally, TD Securities upped their price target on shares of TELUS from C$25.00 to C$27.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. One 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 an average rating of “Moderate Buy” and a consensus price target of C$25.33.

TELUS Price Performance

The firm’s 50-day moving average is C$22.03 and its two-hundred day moving average is C$22.82. The company has a market cap of C$30.43 billion, a P/E ratio of 39.83, a PEG ratio of 2.07 and a beta of 0.67. The company has a debt-to-equity ratio of 159.88, a current ratio of 0.67 and a quick ratio of 0.52.

TELUS (TSE:T) (NYSE:TU) last announced 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 company had revenue of C$4.93 billion for the quarter, compared to analysts’ expectations of C$5.06 billion. Analysts anticipate that TELUS Co. will post 1.0009001 earnings per share for the current year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th were paid a dividend of $0.389 per share. This represents a $1.56 annualized dividend and a yield of 7.57%. This is a positive change from TELUS’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, June 10th. TELUS’s payout ratio is presently 288.46%.

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.