TELUS (T) – Analysts’ Recent Ratings Changes

TELUS (TSE: T) has recently received a number of price target changes and ratings updates:

• 8/7/2024 – TELUS had its price target lowered by analysts at TD Securities from C$26.00 to C$25.00. They now have a “buy” rating on the stock.
• 8/6/2024 – TELUS had its price target lowered by analysts at CIBC from C$25.00 to C$24.00. They now have an “outperform” rating on the stock.
• 8/6/2024 – TELUS had its price target lowered by analysts at Royal Bank of Canada from C$26.00 to C$25.00. They now have an “outperform” rating on the stock.
• 8/6/2024 – TELUS was downgraded by analysts at Canaccord Genuity Group Inc. from a “buy” rating to a “hold” rating. They now have a C$21.50 price target on the stock, down previously from C$23.00.
• 8/6/2024 – TELUS had its price target lowered by analysts at Scotiabank from C$24.25 to C$24.00.
• 7/22/2024 – TELUS had its price target lowered by analysts at TD Securities from C$27.00 to C$26.00. They now have a “buy” rating on the stock.
• 7/10/2024 – TELUS had its price target lowered by analysts at JPMorgan Chase & Co. from C$24.00 to C$23.00. They now have a “neutral” rating on the stock.
• 7/9/2024 – TELUS had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$25.00 to C$23.00. They now have a “buy” rating on the stock.
• 7/8/2024 – TELUS had its price target lowered by analysts at CIBC from C$26.00 to C$25.00.
• 6/26/2024 – TELUS had its price target lowered by analysts at National Bankshares, Inc. from C$25.00 to C$23.00. They now have an “outperform” rating on the stock.

TELUS Stock Performance

TSE:T traded up C$0.24 during trading on Friday, reaching C$21.80. The company’s stock had a trading volume of 1,670,081 shares, compared to its average volume of 3,228,291. The firm has a market cap of C$32.26 billion, a price-to-earnings ratio of 41.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. TELUS Co. has a 12 month low of C$20.04 and a 12 month high of C$25.94. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The firm has a 50 day moving average of C$21.63 and a 200-day moving average of C$22.26.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, August 2nd. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.01. TELUS had a return on equity of 4.67% and a net margin of 3.91%. The firm had revenue of C$4.97 billion for the quarter, compared to analysts’ expectations of C$5.04 billion. Research analysts expect that TELUS Co. will post 0.9703146 EPS for the current fiscal year.

TELUS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be issued a $0.389 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date is Tuesday, September 10th. TELUS’s payout ratio is 294.34%.

Insider Activity

In related news, Director Marc Parent purchased 10,530 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of C$22.52 per share, with a total value of C$237,135.60. 0.02% of the stock is owned by company insiders.

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.