TELUS (TSE:T) Price Target Lowered to C$24.00 at TD Securities

TELUS (TSE:T) (NYSE:TU) had its target price lowered by TD Securities from C$25.00 to C$24.00 in a report released on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

T has been the topic of a number of other reports. Barclays dropped their target price on shares of TELUS from C$23.00 to C$20.00 in a research note on Thursday. Royal Bank of Canada reduced their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Scotiabank lowered their target price on TELUS from C$23.25 to C$22.50 and set a “sector perform” rating on the stock in a research note on Wednesday, January 8th. CIBC cut their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, National Bankshares lowered their price objective on TELUS from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Friday, January 3rd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$22.90.

TELUS Stock Performance

T stock opened at C$21.02 on Thursday. The business has a 50 day moving average of C$20.57 and a 200-day moving average of C$21.57. The firm has a market cap of C$31.11 billion, a PE ratio of 39.66, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a 12-month low of C$19.10 and a 12-month high of C$24.47. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58.

TELUS (TSE:T) (NYSE:TU) last announced its earnings results on Friday, November 8th. The company reported C$0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.23 by C$0.05. TELUS had a return on equity of 4.67% and a net margin of 3.91%. During the same quarter last year, the firm posted $0.25 earnings per share. As a group, sell-side analysts expect that TELUS will post 1.2267985 earnings per share for the current year.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were issued a dividend of $0.402 per share. This represents a $1.61 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date was Wednesday, December 11th. This is a positive change from TELUS’s previous quarterly dividend of $0.39. TELUS’s dividend payout ratio is 294.34%.

Insider Buying and Selling at TELUS

In related news, Director Marc Parent bought 19,100 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. Also, Director Victor George Dodig purchased 100,000 shares of the stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. 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.