TELUS Co. (TSE:T) Receives C$24.00 Average Price Target from Analysts

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has been given a consensus recommendation of "Hold" by the eleven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$24.00.

A number of equities research analysts recently commented on the company. Royal Bank of Canada dropped their target price on TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 18th. Scotiabank cut their price objective on shares of TELUS from C$23.25 to C$22.50 and set a "sector perform" rating on the stock in a research note on Wednesday, January 8th. TD Securities reduced 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 report on Tuesday, December 3rd. Cormark lowered their price target on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Finally, National Bank Financial lowered TELUS from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 12th.

Insiders Place Their Bets

In other TELUS news, Director Marc Parent purchased 19,100 shares of the stock in a transaction dated Tuesday, December 10th. The stock was acquired 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 the stock in a transaction that occurred on Thursday, November 14th. The shares were bought 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 currently owned by corporate insiders.

TELUS Stock Up 0.8 %

TSE:T traded up C$0.16 during midday trading on Wednesday, reaching C$20.14. 3,876,672 shares of the stock traded hands, compared to its average volume of 4,163,864. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The stock has a market capitalization of C$29.81 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. TELUS has a 12-month low of C$19.10 and a 12-month high of C$24.92. The business has a 50-day moving average of C$20.75 and a two-hundred day moving average of C$21.58.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were issued a $0.402 dividend. This is an increase from TELUS's previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a yield of 7.98%. TELUS's dividend payout ratio is presently 294.34%.

About TELUS

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.