TELUS (TSE:T) Sets New 12-Month Low - Here's Why

TELUS Co. (TSE:T - Get Free Report) NYSE: TU hit a new 52-week low on Tuesday . The company traded as low as C$20.03 and last traded at C$20.11, with a volume of 6494419 shares. The stock had previously closed at C$20.53.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on T shares. National Bank Financial downgraded TELUS from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 12th. Cormark decreased their price target on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. National Bankshares downgraded TELUS from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$24.00 to C$22.00 in a research note on Friday. BMO Capital Markets boosted their target price on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Finally, Barclays cut their price target on shares of TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, TELUS has an average rating of "Hold" and an average price target of C$24.31.

TELUS Trading Down 2.0 %

The firm has a market cap of C$29.76 billion, a price-to-earnings ratio of 38.74, a P/E/G ratio of 1.65 and a beta of 0.72. The firm's 50-day moving average is C$21.86 and its 200-day moving average is C$21.94. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

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. The ex-dividend date of this dividend is 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 yield of 8.00%. TELUS's payout ratio is 294.34%.

Insider Activity at TELUS

In other TELUS news, Director Marc Parent bought 19,100 shares of the stock in a transaction on Tuesday, December 10th. The shares were acquired at an average price of C$22.04 per share, with a total value of C$420,964.00. Also, Director Victor George Dodig acquired 100,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price 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.

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