TELUS (TSE:T) Stock Price Crosses Above 200 Day Moving Average of $22.07

TELUS Co. (TSE:T) (NYSE:TU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$22.07 and traded as high as C$22.84. TELUS shares last traded at C$22.75, with a volume of 13,038,902 shares.

Analyst Ratings Changes

A number of equities analysts have recently commented on T shares. JPMorgan Chase & Co. dropped their price objective on 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. BMO Capital Markets upped their price target on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. National Bankshares lowered their price objective on shares of TELUS from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 26th. Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating and cut their target price for the company from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. Finally, TD Securities reduced their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$24.58.

TELUS Trading Down 0.5 %

The company has a market cap of C$33.67 billion, a price-to-earnings ratio of 42.92, a price-to-earnings-growth ratio of 2.07 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. The business has a 50 day simple moving average of C$22.21 and a 200 day simple moving average of C$22.07.

TELUS (TSE:T) (NYSE:TU) last announced its earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.01. The company had revenue of C$4.97 billion for the quarter, compared to analyst estimates of C$5.04 billion. TELUS had a net margin of 3.91% and a return on equity of 4.67%. As a group, equities analysts forecast that TELUS Co. will post 1.0556845 EPS for the current year.

TELUS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.389 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a yield of 6.84%. TELUS’s payout ratio is presently 294.34%.

Insider Buying and Selling

In related news, Director Marc Parent purchased 10,530 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of C$22.52 per share, with a total value of C$237,135.60. 0.02% of the stock is currently 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.