TELUS (TSE:T) Share Price Passes Below 200 Day Moving Average of $22.22

TELUS Co. (TSE:T - Get Free Report) NYSE: TU shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.22 and traded as low as C$21.73. TELUS shares last traded at C$21.94, with a volume of 2,124,406 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on T shares. Royal Bank of Canada lowered their target price on shares of TELUS from C$26.00 to C$25.00 and set an "outperform" rating for the company in a research note on Tuesday, August 6th. TD Securities lowered their target price on shares of TELUS from C$26.00 to C$25.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. CIBC lowered their target price on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research note on Tuesday, August 6th. National Bankshares lowered their target price on shares of TELUS from C$25.00 to C$23.00 and set an "outperform" rating for the company in a research note on Wednesday, June 26th. Finally, Cormark lowered their target price on shares of TELUS from C$27.00 to C$26.00 in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, TELUS currently has an average rating of "Moderate Buy" and an average target price of C$24.50.

TELUS Trading Down 1.0 %

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 firm has a market capitalization of C$32.16 billion, a price-to-earnings ratio of 41.00, a P/E/G ratio of 2.07 and a beta of 0.71. The company has a 50 day moving average price of C$21.64 and a two-hundred day moving average price of C$22.22.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 EPS for the quarter, beating the consensus estimate of C$0.24 by C$0.01. TELUS had a return on equity of 4.67% and a net margin of 3.91%. The firm had revenue of C$4.97 billion during the quarter, compared to the consensus estimate of C$5.04 billion. On average, research analysts forecast that TELUS Co. will post 0.9703146 EPS for the current year.

TELUS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.389 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date is Tuesday, September 10th. TELUS's dividend payout ratio is presently 294.34%.

Insider Transactions at TELUS

In other TELUS news, Director Marc Parent purchased 10,530 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of C$22.52 per share, for a total transaction of C$237,135.60. Company 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.