TELUS Co. (TSE:T) Director Victor George Dodig Acquires 100,000 Shares

TELUS Co. (TSE:T) (NYSE:TU) Director Victor George Dodig purchased 100,000 shares of the stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00.

TELUS Stock Performance

T opened at C$21.67 on Thursday. The business has a fifty day simple moving average of C$22.23 and a 200 day simple moving average of C$22.04. The company has a market capitalization of C$32.07 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. TELUS Co. has a 1 year low of C$20.04 and a 1 year high of C$25.94. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be paid a $0.402 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This is an increase from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a yield of 7.42%. TELUS’s payout ratio is 294.34%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. Scotiabank raised TELUS from a “sector perform” rating to an “outperform” rating in a report on Monday, October 28th. Barclays decreased their target price on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. BMO Capital Markets boosted their target price on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. Finally, Cormark decreased their target price on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$24.46.

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.