TELUS (TSE:T) Hits New 52-Week Low - Here's Why

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU hit a new 52-week low on Monday . The stock traded as low as C$19.10 and last traded at C$19.19, with a volume of 2178360 shares. The stock had previously closed at C$19.46.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Royal Bank of Canada dropped their price target on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 18th. TD Securities lowered 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. National Bankshares cut TELUS from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from C$24.00 to C$22.00 in a research report on Friday, December 13th. BMO Capital Markets upped their price target on TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Finally, Scotiabank cut their price objective on TELUS from C$24.00 to C$23.25 in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, TELUS presently has a consensus rating of "Hold" and an average price target of C$24.23.

TELUS Stock Down 0.8 %

The company has a market cap of C$28.58 billion, a P/E ratio of 36.43, a PEG ratio of 1.65 and a beta of 0.72. The business's 50 day moving average price is C$21.34 and its 200-day moving average price is C$21.75. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a $0.402 dividend. The ex-dividend date of this dividend 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 dividend yield of 8.33%. TELUS's payout ratio is currently 294.34%.

Insider Activity at TELUS

In other TELUS news, Director Marc Parent purchased 19,100 shares of the stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of C$22.04 per share, for a total transaction of C$420,964.00. Also, Director Victor George Dodig acquired 100,000 shares of TELUS stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00. 0.02% of the stock is currently owned by company insiders.

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.