TELUS Co. (TSE:T) Receives Average Rating of “Hold” from Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$24.00.

A number of research firms have recently commented on T. Scotiabank reduced their price objective on shares of TELUS from C$23.25 to C$22.50 and set a “sector perform” rating for the company in a research note on Wednesday, January 8th. National Bankshares reduced their price target on TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Friday, January 3rd. Cormark lowered their price target on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a research note on Thursday, January 2nd. Finally, TD Securities decreased 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 research note on Tuesday, December 3rd.

Insider Activity

In other news, Director Marc Parent purchased 19,100 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was bought at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. Also, Director Victor George Dodig acquired 100,000 shares of TELUS stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. Corporate insiders own 0.02% of the company’s stock.

TELUS Stock Performance

T opened at C$19.70 on Wednesday. The company has a market capitalization of C$29.16 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 1.65 and a beta of 0.72. The business’s 50-day moving average price is C$20.83 and its two-hundred day moving average price is C$21.60. TELUS has a 1 year low of C$19.10 and a 1 year 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were given a dividend of $0.402 per share. This is an increase from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a yield of 8.16%. The ex-dividend date was Wednesday, December 11th. TELUS’s payout ratio is currently 294.34%.

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.