TELUS (TSE:T) Price Target Cut to C$21.00 by Analysts at National Bankshares

TELUS (TSE:T) (NYSE:TU) had its price target reduced by National Bankshares from C$22.00 to C$21.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts have also commented on the company. BMO Capital Markets boosted their price objective on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. National Bank Financial lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. TD Securities lowered their target price on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Royal Bank of Canada cut their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, Scotiabank decreased their price objective on TELUS from C$24.00 to C$23.25 in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TELUS currently has an average rating of “Hold” and a consensus price target of C$24.06.

TELUS Price Performance

Shares of TSE:T opened at C$19.91 on Friday. The stock has a market capitalization of C$29.47 billion, a P/E ratio of 37.57, a P/E/G ratio of 1.65 and a beta of 0.72. The business has a 50-day moving average of C$21.17 and a two-hundred day moving average of C$21.70. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$24.92. 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 was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were issued a dividend of $0.402 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This is a positive change from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.08%. TELUS’s payout ratio is presently 294.34%.

Insider Activity

In other TELUS news, Director Marc Parent bought 19,100 shares of the stock in a transaction dated Tuesday, December 10th. The shares were bought at an average cost of C$22.04 per share, with a total value of C$420,964.00. Also, Director Victor George Dodig purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost 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.

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.