Scotiabank Trims TELUS (TSE:T) Target Price to C$24.25

TELUS (TSE:T) (NYSE:TU) had its price target reduced by Scotiabank from C$26.00 to C$24.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research firms have also recently weighed in on T. National Bankshares cut their price target on TELUS from C$27.00 to C$26.00 and set an outperform rating on the stock in a report on Monday, March 25th. CIBC cut their price target on TELUS from C$28.00 to C$26.00 in a report on Thursday, April 4th. Royal Bank of Canada cut their price target on TELUS from C$29.00 to C$26.00 and set a sector perform rating on the stock in a report on Wednesday, April 10th. Barclays cut their price target on TELUS from C$25.00 to C$24.00 in a report on Monday, February 12th. Finally, Desjardins boosted their target price on TELUS from C$27.00 to C$28.00 and gave the stock a buy rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TELUS presently has an average rating of Moderate Buy and a consensus price target of C$26.45.

TELUS Stock Performance

Shares of T stock opened at C$21.87 on Wednesday. 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 business has a 50 day moving average of C$22.72 and a two-hundred day moving average of C$23.40. TELUS has a 52 week low of C$21.12 and a 52 week high of C$28.95. The company has a market cap of C$32.37 billion, a P/E ratio of 37.71, a PEG ratio of 2.07 and a beta of 0.68.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, February 9th. The company reported C$0.24 EPS for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.01. TELUS had a return on equity of 4.96% and a net margin of 4.20%. The company had revenue of C$5.20 billion during the quarter, compared to the consensus estimate of C$5.24 billion. As a group, analysts anticipate that TELUS will post 0.999543 EPS for the current year.

TELUS Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were given a $0.376 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.50 annualized dividend and a yield of 6.88%. TELUS’s dividend payout ratio (DPR) is 258.62%.

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.