TELUS (TSE:T – Free Report) (NYSE:TU) had its target price reduced by National Bankshares from C$25.00 to C$23.00 in a research note released on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of TELUS from C$27.00 to C$24.00 in a research note on Wednesday, April 3rd. TD Securities upped their price target on shares of TELUS from C$25.00 to C$27.00 and gave the stock a buy rating in a research report on Tuesday, May 21st. Scotiabank lowered their price target on shares of TELUS from C$26.00 to C$24.25 and set a sector perform rating for the company in a research report on Wednesday, April 17th. Royal Bank of Canada lowered their price target on shares of TELUS from C$29.00 to C$26.00 and set a sector perform rating for the company in a research report on Wednesday, April 10th. Finally, Cormark lowered their price target on shares of TELUS from C$27.00 to C$26.00 in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of C$25.33.
Check Out Our Latest Stock Analysis on TELUS
TELUS Trading Down 0.4 %
TELUS (TSE:T – Get Free Report) (NYSE:TU) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.02. The business had revenue of C$4.93 billion during the quarter, compared to analyst estimates of C$5.06 billion. TELUS had a net margin of 4.20% and a return on equity of 4.96%. Equities research analysts predict that TELUS will post 1.0009001 EPS for the current fiscal year.
TELUS Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be issued a $0.389 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.56 dividend on an annualized basis and a yield of 7.51%. This is an increase from TELUS’s previous quarterly dividend of $0.38. TELUS’s dividend payout ratio is currently 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.
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