TD Securities Cuts TELUS (TSE:T) Price Target to C$25.00

TELUS (TSE:TFree Report) (NYSE:TU) had its price target reduced by TD Securities from C$26.00 to C$25.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada dropped 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 note on Tuesday, August 6th. Barclays dropped their target price on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. CIBC lowered their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and cut their price objective for the company from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. Finally, BMO Capital Markets boosted their target price on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, TELUS has a consensus rating of “Moderate Buy” and an average price target of C$24.40.

View Our Latest Analysis on TELUS

TELUS Stock Performance

T stock opened at C$22.04 on Tuesday. The firm has a 50 day simple moving average of C$22.01 and a 200 day simple moving average of C$22.00. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94. The stock has a market cap of C$32.62 billion, a P/E ratio of 41.58, a P/E/G ratio of 1.65 and a beta of 0.72. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.402 per share. This represents a $1.61 dividend on an annualized basis and a yield of 7.30%. This is a boost from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS’s dividend payout ratio is 294.34%.

Insider Buying and Selling at TELUS

In other news, Director Victor George Dodig purchased 100,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00. Corporate insiders own 0.02% of the company’s stock.

About TELUS

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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.

Further Reading

Analyst Recommendations for TELUS (TSE:T)

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