TELUS (TSE:T) Shares Cross Below Two Hundred Day Moving Average of $22.14

TELUS Co. (TSE:T - Get Free Report) NYSE: TU shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$22.14 and traded as low as C$21.77. TELUS shares last traded at C$22.20, with a volume of 3,384,761 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. National Bankshares reduced their price target on TELUS from C$25.00 to C$23.00 and set an "outperform" rating on the stock in a report on Wednesday, June 26th. Royal Bank of Canada decreased their price objective on shares of TELUS from C$26.00 to C$25.00 and set an "outperform" rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. cut their target price on shares of TELUS from C$24.00 to C$23.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 10th. CIBC decreased their price target 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. Finally, Scotiabank cut their price objective on TELUS from C$24.25 to C$24.00 in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, TELUS has a consensus rating of "Moderate Buy" and a consensus price target of C$24.50.

TELUS Trading Up 1.2 %

The stock has a fifty day moving average price of C$21.69 and a 200 day moving average price of C$22.14. The stock has a market cap of C$33.24 billion, a PE ratio of 41.89, a PEG ratio of 2.07 and a beta of 0.71. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, topping analysts' consensus estimates of C$0.24 by C$0.01. TELUS had a net margin of 3.91% and a return on equity of 4.67%. The company had revenue of C$4.97 billion for the quarter, compared to analyst estimates of C$5.04 billion. Equities analysts expect that TELUS Co. will post 0.9691551 EPS for the current year.

TELUS Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.389 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.56 annualized dividend and a yield of 6.93%. TELUS's dividend payout ratio (DPR) is presently 294.34%.

Insider Activity at TELUS

In other TELUS news, Director Marc Parent purchased 10,530 shares of the firm's stock in a transaction on Monday, August 12th. The stock was bought at an average cost of C$22.52 per share, for a total transaction of C$237,135.60. 0.02% of the stock is currently owned by corporate insiders.

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.