TELUS Co. (TSE:T) Receives C$24.50 Consensus Price Target from Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$24.50.

A number of research analysts have issued reports on the stock. Cormark reduced their target price on shares of TELUS from C$27.00 to C$26.00 in a research note on Wednesday, May 15th. JPMorgan Chase & Co. cut their target price on TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. CIBC lowered their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. National Bankshares decreased their target price on shares of TELUS from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research report on Wednesday, June 26th. Finally, TD Securities dropped their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th.

TELUS Stock Down 0.9 %

TSE:T opened at C$21.64 on Friday. The stock has a 50-day simple moving average of C$21.65 and a 200 day simple moving average of C$22.27. TELUS has a one year low of C$20.04 and a one year high of C$25.94. The company has a market capitalization of C$32.03 billion, a price-to-earnings ratio of 40.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.24 by C$0.01. TELUS had a net margin of 3.91% and a return on equity of 4.67%. The firm had revenue of C$4.97 billion during the quarter, compared to analyst estimates of C$5.04 billion. Sell-side analysts predict that TELUS will post 0.9703146 EPS for the current fiscal year.

TELUS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be paid a $0.389 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a yield of 7.19%. TELUS’s dividend payout ratio (DPR) is currently 294.34%.

Insider Activity

In other TELUS news, Director Marc Parent purchased 10,530 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of C$22.52 per share, for a total transaction of C$237,135.60. 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.