Analysts Set TELUS Co. (TSE:T) Price Target at C$24.23

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have earned a consensus rating of "Hold" from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$24.23.

A number of research firms have recently weighed in on T. TD Securities dropped their target price on TELUS from C$26.00 to C$25.00 and set a "buy" rating on the stock in a report on Tuesday, December 3rd. Royal Bank of Canada dropped their price objective on TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Wednesday. National Bank Financial lowered shares of TELUS from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their price target on shares of TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. Finally, 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.

Insider Activity

In related news, Director Marc Parent acquired 19,100 shares of TELUS stock in a transaction on Tuesday, December 10th. The shares were acquired at an average cost 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 company's stock in a transaction dated Thursday, November 14th. The stock was 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.

TELUS Stock Up 0.6 %

Shares of TSE T traded up C$0.12 during midday trading on Friday, hitting C$19.92. 9,430,329 shares of the stock traded hands, compared to its average volume of 3,473,388. 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 has a one year low of C$19.57 and a one year high of C$24.92. The business has a 50 day moving average price of C$21.68 and a two-hundred day moving average price of C$21.89. The company has a market cap of C$29.48 billion, a PE ratio of 37.58, a P/E/G ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a dividend of $0.402 per share. This is a positive change from TELUS's previous quarterly dividend of $0.39. This represents a $1.61 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS's dividend payout ratio is currently 294.34%.

TELUS Company Profile

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.