TELUS (TSE:T) Price Target Lowered to C$23.25 at Scotiabank

TELUS (TSE:T) (NYSE:TU) had its price objective trimmed by Scotiabank from C$24.00 to C$23.25 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

A number of other brokerages also recently commented on T. Cormark reduced their price objective on shares of TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. TD Securities reduced their price target on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada dropped their price objective on TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Barclays reduced their target price on shares of TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Finally, CIBC lowered their price target 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 company. According to MarketBeat.com, TELUS presently has an average rating of “Moderate Buy” and a consensus price target of C$24.40.

TELUS Stock Down 1.0 %

Shares of TSE:T opened at C$21.42 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. The business’s 50 day moving average is C$22.12 and its 200 day moving average is C$22.02. The stock has a market cap of C$31.70 billion, a P/E ratio of 40.42, a price-to-earnings-growth 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.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be issued a $0.402 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.61 annualized dividend and a dividend yield of 7.51%. TELUS’s dividend payout ratio is presently 294.34%.

Insider Activity at TELUS

In other news, Director Victor George Dodig acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. 0.02% of the stock is owned by corporate 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.