TELUS (TSE:T) Price Target Cut to C$23.00 by Analysts at National Bankshares

TELUS (TSE:T) (NYSE:TU) had its target price trimmed by National Bankshares from C$25.00 to C$23.00 in a report published on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on T. BMO Capital Markets lowered their price target on shares of TELUS from C$26.00 to C$24.00 in a research note on Tuesday, April 2nd. CIBC lowered their price objective on shares of TELUS from C$28.00 to C$26.00 in a research note on Thursday, April 4th. Royal Bank of Canada lowered their price objective on shares of TELUS from C$29.00 to C$26.00 and set a sector perform rating on the stock in a research note on Wednesday, April 10th. Cormark lowered their price objective on shares of TELUS from C$27.00 to C$26.00 in a research note on Wednesday, May 15th. Finally, TD Securities increased their price objective on shares of TELUS from C$25.00 to C$27.00 and gave the company a buy rating in a research note on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$25.33.

TELUS Stock Performance

Shares of T opened at C$20.82 on Wednesday. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67. The stock has a market capitalization of C$30.81 billion, a P/E ratio of 40.02, a P/E/G ratio of 2.07 and a beta of 0.67. The company’s fifty day moving average is C$22.15 and its two-hundred day moving average is C$22.96. TELUS has a 1 year low of C$20.70 and a 1 year high of C$26.09.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.24 by C$0.02. The company had revenue of C$4.93 billion for the quarter, compared to analysts’ expectations of C$5.06 billion. TELUS had a net margin of 4.20% and a return on equity of 4.96%. On average, sell-side analysts predict that TELUS will post 1.0009001 earnings per share for the current year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th will be given a $0.389 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, June 10th. This represents a $1.56 annualized dividend and a yield of 7.47%. TELUS’s dividend payout ratio (DPR) is 288.46%.

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.