TELUS (TSE:T - Free Report) NYSE: TU had its price target trimmed by National Bankshares from C$22.00 to C$21.00 in a research note released on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
Several other equities research analysts have also commented on the company. TD Securities cut their price objective on 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. National Bank Financial cut TELUS from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on TELUS from C$23.00 to C$22.00 and set a "neutral" rating on the stock in a report on Thursday. Barclays dropped their target price on shares of TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets raised their price target on shares of TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$24.06.
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TELUS Stock Performance
TELUS stock traded up C$0.28 during midday trading on Friday, hitting C$19.91. 3,853,222 shares of the company were exchanged, compared to its average volume of 3,291,951. The business has a fifty day simple moving average of C$21.17 and a two-hundred day simple moving average of C$21.70. 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 firm has a market capitalization of C$29.47 billion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$24.92.
TELUS Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were paid a dividend of $0.402 per share. The ex-dividend date was Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.08%. This is an increase from TELUS's previous quarterly dividend of $0.39. TELUS's payout ratio is presently 294.34%.
Insiders Place Their Bets
In other news, Director Victor George Dodig bought 100,000 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. Also, Director Marc Parent bought 19,100 shares of TELUS stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average cost of C$22.04 per share, with a total value of C$420,964.00. 0.02% of the stock is owned by company insiders.
About TELUS
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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.
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