TELUS Co. (TSE:T) Receives C$24.46 Consensus Target Price from Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$24.40.

T has been the subject of several research reports. Scotiabank dropped their price target on shares of TELUS from C$24.00 to C$23.25 in a research note on Tuesday, November 26th. BMO Capital Markets increased their target price on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. Barclays decreased their price target on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Cormark cut their target price on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. Finally, TD Securities decreased their target price on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th.

Insiders Place Their Bets

In other news, Director Victor George Dodig bought 100,000 shares of the stock in a transaction on Thursday, November 14th. The shares were bought at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Insiders own 0.02% of the company’s stock.

TELUS Trading Up 0.0 %

TSE T opened at C$21.80 on Tuesday. TELUS has a 12 month low of C$20.04 and a 12 month high of C$25.94. The firm’s 50-day moving average is C$22.05 and its two-hundred day moving average is C$22.00. The stock has a market capitalization of C$32.26 billion, a P/E ratio of 41.13, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.402 per share. This is a boost from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 annualized dividend and a yield of 7.38%. TELUS’s payout ratio is presently 294.34%.

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.