TELUS Co. (TSE:T) Given Average Rating of “Hold” by Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$24.00.

T has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a research report on Thursday, January 2nd. National Bankshares lowered their target price on TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Friday, January 3rd. Royal Bank of Canada cut 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 Wednesday, December 18th. Barclays reduced their price objective on shares of TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. Finally, Scotiabank dropped their target price on shares of TELUS from C$23.25 to C$22.50 and set a “sector perform” rating on the stock in a research report on Wednesday, January 8th.

TELUS Price Performance

Shares of TSE T opened at C$19.70 on Wednesday. The company has a market capitalization of C$29.16 billion, a PE ratio of 37.17, a P/E/G ratio of 1.65 and a beta of 0.72. 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 has a twelve month low of C$19.10 and a twelve month high of C$24.92. The firm has a fifty day simple moving average of C$20.83 and a 200 day simple moving average of C$21.60.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.402 per share. This is an increase from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, December 11th. This represents a $1.61 annualized dividend and a yield of 8.16%. TELUS’s dividend payout ratio is presently 294.34%.

Insider Buying and Selling at TELUS

In other news, Director Victor George Dodig bought 100,000 shares of TELUS stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. Also, Director Marc Parent purchased 19,100 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were purchased at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. 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.