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

TELUS (TSE:T) (NYSE:TU) had its price target trimmed by TD Securities from C$26.00 to C$25.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

T has been the topic of several other reports. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and lowered their price target for the company from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. BMO Capital Markets raised their price target on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Barclays reduced their price objective on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. Cormark dropped their price objective on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. Finally, CIBC reduced 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$24.40.

TELUS Price Performance

TELUS stock opened at C$22.12 on Tuesday. The firm has a market capitalization of C$32.74 billion, a PE ratio of 41.74, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94. The firm’s 50-day simple moving average is C$21.99 and its 200 day simple moving average is C$21.99. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a $0.402 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 7.27%. This is a positive change from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, December 11th. TELUS’s dividend payout ratio is 294.34%.

Insider Activity at TELUS

In related news, Director Victor George Dodig bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. 0.02% of the stock is owned by insiders.

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.