TELUS Co. (TSE:T) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$24.46.

Several equities research analysts have commented on T shares. Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. TD Securities decreased their price objective on TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. CIBC reduced their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. BMO Capital Markets raised their price objective on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Finally, Cormark cut their price objective on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th.

TELUS Price Performance

Shares of TSE:T opened at C$21.64 on Tuesday. TELUS has a twelve month low of C$20.04 and a twelve month high of C$25.94. The stock has a market capitalization of C$32.03 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The firm’s 50 day moving average price is C$22.15 and its 200-day moving average price is C$22.02. 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 declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.402 per share. This is an increase from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.43%. TELUS’s payout ratio is currently 294.34%.

Insider Activity at TELUS

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

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.