TELUS (TSE:T) Price Target Cut to C$25.00 by Analysts at TD Securities

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by TD Securities from C$26.00 to C$25.00 in a report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other analysts have also issued reports on T. Cormark decreased their price target on TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. BMO Capital Markets raised their price target on TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Barclays decreased their price target on TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Scotiabank decreased their price target on TELUS from C$24.00 to C$23.25 in a research note on Tuesday, November 26th. Finally, Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$24.40.

TELUS Stock Up 0.6 %

T opened at C$22.04 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. The firm has a market cap of C$32.62 billion, a P/E ratio of 41.58, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94. The business’s fifty day simple moving average is C$22.01 and its 200 day simple moving average is C$22.00.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.402 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 annualized dividend and a yield of 7.30%. This is an increase from TELUS’s previous quarterly dividend of $0.39. TELUS’s payout ratio is presently 294.34%.

Insider Buying and Selling at TELUS

In other news, Director Victor George Dodig acquired 100,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of C$21.38 per share, with a total value of C$2,138,000.00. 0.02% of the stock is owned by company insiders.

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.