TELUS Co. (TSE:T) Receives C$25.33 Average Target Price from Brokerages

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has been given a consensus rating of "Moderate Buy" by the ten research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$25.33.

Several analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on TELUS from C$27.00 to C$24.00 in a research note on Wednesday, April 3rd. Royal Bank of Canada decreased their price target on TELUS from C$29.00 to C$26.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 10th. Scotiabank reduced their price objective on TELUS from C$26.00 to C$24.25 and set a "sector perform" rating on the stock in a research note on Wednesday, April 17th. TD Securities boosted their price objective on TELUS from C$25.00 to C$27.00 and gave the stock a "buy" rating in a research note on Tuesday, May 21st. Finally, CIBC reduced their price objective on TELUS from C$28.00 to C$26.00 in a research note on Thursday, April 4th.

TELUS Stock Performance

TSE T traded down C$0.08 during trading on Friday, hitting C$20.71. The company's stock had a trading volume of 3,764,157 shares, compared to its average volume of 3,268,222. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 159.88. The firm has a 50 day moving average price of C$22.09 and a 200 day moving average price of C$22.89. The firm has a market cap of C$30.65 billion, a P/E ratio of 39.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.67. TELUS has a 52 week low of C$20.67 and a 52 week high of C$26.09.

TELUS (TSE:T - Get Free Report) NYSE: TU last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.24 by C$0.02. The business had revenue of C$4.93 billion for the quarter, compared to analysts' expectations of C$5.06 billion. TELUS had a return on equity of 4.96% and a net margin of 4.20%. Equities research analysts forecast that TELUS will post 1.0009001 earnings per share for the current fiscal year.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be given a dividend of $0.389 per share. The ex-dividend date is Monday, June 10th. This is a boost from TELUS's previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 7.51%. TELUS's dividend payout ratio is 288.46%.

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.