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

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

Several other equities research analysts have also weighed in on the company. Royal Bank of Canada dropped their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Cormark reduced their target price on shares of TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. lowered their price target on shares of TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a research report on Thursday, January 2nd. Scotiabank cut their price objective on shares of TELUS from C$23.25 to C$22.50 and set a “sector perform” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays lowered their target price on shares of TELUS from C$23.00 to C$20.00 in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$22.90.

TELUS Trading Up 0.9 %

TSE T opened at C$21.02 on Thursday. The stock has a market cap of C$31.11 billion, a P/E ratio of 39.66, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$24.47. The stock has a 50 day simple moving average of C$20.57 and a two-hundred day simple moving average of C$21.57. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, November 8th. The company reported C$0.28 EPS for the quarter, topping the consensus estimate of C$0.23 by C$0.05. TELUS had a net margin of 3.91% and a return on equity of 4.67%. During the same period in the previous year, the business posted $0.25 earnings per share. On average, analysts forecast that TELUS will post 1.2267985 earnings per share for the current year.

TELUS Increases Dividend

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

Insider Activity at TELUS

In related news, Director Victor George Dodig acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent bought 19,100 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average price of C$22.04 per share, for a total transaction of C$420,964.00. 0.02% of the stock is currently owned by 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.