TELUS (TSE:T) Cut to Hold at National Bank Financial

National Bank Financial lowered shares of TELUS (TSE:T - Free Report) NYSE: TU from a strong-buy rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

T has been the topic of a number of other research reports. National Bankshares downgraded TELUS from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$24.00 to C$22.00 in a research report on Friday. Barclays dropped their price target on TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Scotiabank reduced their price objective on shares of TELUS from C$24.00 to C$23.25 in a research report on Tuesday, November 26th. TD Securities dropped their price objective on shares of TELUS from C$26.00 to C$25.00 and set a "buy" rating on the stock in a research report on Tuesday, December 3rd. Finally, Cormark reduced their target price on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TELUS currently has an average rating of "Hold" and a consensus price target of C$24.31.

TELUS Stock Down 1.1 %

TSE T traded down C$0.24 during trading hours on Thursday, hitting C$20.73. 6,564,364 shares of the company traded hands, compared to its average volume of 3,407,203. The stock has a market capitalization of C$30.68 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a twelve month low of C$20.04 and a twelve month high of C$25.07. The business's 50-day moving average is C$21.89 and its 200-day moving average is C$21.96. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be 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 dividend yield of 7.76%. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS's dividend payout ratio is currently 294.34%.

Insiders Place Their Bets

In other TELUS news, Director Marc Parent purchased 19,100 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average price of C$22.04 per share, with a total value of C$420,964.00. Also, Director Victor George Dodig bought 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. Insiders own 0.02% of the company's stock.

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.