TELUS Co. (TSE:T) Director Purchases C$237,135.60 in Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Marc Parent acquired 10,530 shares of the stock in a transaction on 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.

TELUS Stock Performance

TSE T opened at C$21.90 on Friday. The firm’s fifty day moving average price is C$21.66 and its two-hundred day moving average price is C$22.33. The stock has a market cap of C$32.41 billion, a PE ratio of 42.12, a PEG ratio of 2.07 and a beta of 0.67. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67. TELUS Co. has a fifty-two week low of C$20.04 and a fifty-two week high of C$25.94.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.01. TELUS had a return on equity of 4.96% and a net margin of 4.20%. The business had revenue of C$4.97 billion for the quarter, compared to analyst estimates of C$5.04 billion. On average, equities analysts expect that TELUS Co. will post 1.0009001 EPS for the current fiscal year.

TELUS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be paid a $0.389 dividend. This represents a $1.56 annualized dividend and a dividend yield of 7.11%. The ex-dividend date of this dividend is Tuesday, September 10th. TELUS’s dividend payout ratio is currently 288.46%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on T. TD Securities decreased their price target on 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. CIBC decreased 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 report on Tuesday, August 6th. Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating and dropped their target price for the company from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. Royal Bank of Canada reduced their price target on shares of TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Finally, Scotiabank lowered their price objective on shares of TELUS from C$24.25 to C$24.00 in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$24.50.

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.