TELUS (TSE:T) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

TELUS Co. (TSE:T - Get Free Report) NYSE: TU shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$22.06 and traded as high as C$22.14. TELUS shares last traded at C$21.81, with a volume of 6,625,098 shares trading hands.

Analyst Upgrades and Downgrades

T has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. TD Securities decreased their price objective on shares of TELUS from C$26.00 to C$25.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. CIBC cut their price target on TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 6th. Royal Bank of Canada reduced their price target on TELUS from C$26.00 to C$25.00 and set an "outperform" rating for the company in a report on Tuesday, August 6th. Finally, Scotiabank upgraded TELUS from a "sector perform" rating to an "outperform" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, TELUS presently has a consensus rating of "Moderate Buy" and an average price target of C$24.54.

TELUS Stock Up 3.8 %

The firm has a 50 day simple moving average of C$22.31 and a 200-day simple moving average of C$22.06. 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 stock has a market capitalization of C$32.28 billion, a price-to-earnings ratio of 41.15, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a $0.402 dividend. This is an increase from TELUS's previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a dividend yield of 7.37%. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS's dividend payout ratio is 294.34%.

Insider Activity

In other news, Director Marc Parent bought 10,530 shares of the business's stock in a transaction on Monday, August 12th. The shares were purchased at an average price of C$22.52 per share, for a total transaction of C$237,135.60. Corporate insiders own 0.02% of the company's stock.

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.