TELUS Co. (TSE:T) Receives C$24.46 Consensus Target Price from Analysts

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has earned an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$24.40.

A number of brokerages have commented on T. Royal Bank of Canada reduced their price target on TELUS from C$26.00 to C$25.00 and set an "outperform" rating for the company in a research report on Tuesday, August 6th. TD Securities lowered their price target on shares of TELUS from C$26.00 to C$25.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets increased their price objective on shares of TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Barclays lowered their target price on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Finally, Cormark decreased their price target on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th.

Insider Activity

In other news, Director Victor George Dodig acquired 100,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00. Insiders own 0.02% of the company's stock.

TELUS Stock Performance

Shares of T traded down C$0.22 during trading hours on Tuesday, hitting C$21.42. The stock had a trading volume of 5,039,767 shares, compared to its average volume of 3,354,324. TELUS has a 12 month low of C$20.04 and a 12 month high of C$25.94. The stock has a fifty day moving average price of C$22.12 and a 200 day moving average price of C$22.02. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. The firm has a market capitalization of C$31.70 billion, a PE ratio of 40.42, a PEG ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

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