TELUS Co. (TSE:T) Receives C$24.00 Consensus Target Price from Brokerages

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has been given a consensus rating of "Hold" by the eleven research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$24.00.

Several equities analysts have recently commented on T shares. Cormark reduced their price objective on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. National Bank Financial cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 12th. Scotiabank lowered 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 report on Wednesday, January 8th. CIBC cut their price objective on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Finally, TD Securities decreased their target price 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.

TELUS Price Performance

TSE T traded down C$0.10 during trading on Wednesday, reaching C$19.60. The company's stock had a trading volume of 5,207,906 shares, compared to its average volume of 4,290,398. The stock has a market capitalization of C$29.01 billion, a PE ratio of 36.98, a P/E/G ratio of 1.65 and a beta of 0.72. 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 fifty day moving average of C$20.83 and a 200 day moving average of C$21.60. TELUS has a one year low of C$19.10 and a one year high of C$24.92.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.402 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This is a boost from TELUS's previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a dividend yield of 8.20%. TELUS's payout ratio is 294.34%.

Insider Activity at TELUS

In other news, Director Victor George Dodig purchased 100,000 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00. Also, Director Marc Parent acquired 19,100 shares of the firm's stock in a transaction on 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. 0.02% of the stock is currently owned by company insiders.

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.