Brokerages Set TELUS Co. (TSE:T) PT at C$24.58

TELUS Co. (TSE:T) (NYSE:TU) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$24.54.

Several brokerages have weighed in on T. BMO Capital Markets upped their target price on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. TD Securities cut their price objective 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. Scotiabank decreased their target price on shares of TELUS from C$24.25 to C$24.00 in a research report on Tuesday, August 6th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, National Bankshares reduced their price objective on shares of TELUS from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research note on Wednesday, June 26th.

TELUS Stock Up 0.9 %

Shares of TELUS stock opened at C$22.28 on Monday. The stock’s fifty day moving average is C$22.36 and its 200-day moving average is C$22.02. The firm has a market capitalization of C$32.97 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 2.07 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 12-month low of C$20.04 and a 12-month high of C$25.94.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.01. The firm had revenue of C$4.97 billion during the quarter, compared to analyst estimates of C$5.04 billion. TELUS had a return on equity of 4.67% and a net margin of 3.91%. Equities analysts anticipate that TELUS will post 1.0598971 earnings per share for the current year.

TELUS Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a dividend of $0.389 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date of this dividend was Tuesday, September 10th. TELUS’s dividend payout ratio is presently 294.34%.

Insider Activity

In other news, Director Marc Parent acquired 10,530 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of C$22.52 per share, for a total transaction of C$237,135.60. 0.02% of the stock is currently owned by company insiders.

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.