TELUS (TSE:T) Hits New 12-Month Low - What's Next?

TELUS Co. (TSE:T - Get Free Report) NYSE: TU's share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$19.57 and last traded at C$19.60, with a volume of 326835 shares changing hands. The stock had previously closed at C$19.75.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Royal Bank of Canada dropped their target price on TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a report on Wednesday, December 18th. 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 report 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. Scotiabank reduced their target price on TELUS from C$24.00 to C$23.25 in a research report on Tuesday, November 26th. Finally, Cormark cut their target price on shares of TELUS from C$26.00 to C$25.00 in a research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$24.23.

TELUS Stock Performance

The company has a market capitalization of C$28.79 billion, a P/E ratio of 36.70, 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 quick ratio of 0.52 and a current ratio of 0.66. The business's fifty day simple moving average is C$21.63 and its 200-day simple moving average is C$21.87.

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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 dividend of $0.402 per share. The ex-dividend date is Wednesday, December 11th. This is an increase from TELUS's previous quarterly dividend of $0.39. This represents a $1.61 dividend on an annualized basis and a yield of 8.27%. TELUS's dividend payout ratio is 294.34%.

Insider Activity

In related news, Director Victor George Dodig purchased 100,000 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were purchased 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 that occurred on Tuesday, December 10th. The shares were bought at an average price of C$22.04 per share, with a total value of C$420,964.00. Corporate 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.