TELUS Co. (TSE:T) Receives C$24.87 Average Price Target from Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$24.87.

Several equities analysts have recently issued reports on T shares. CIBC cut their price target on TELUS from C$26.00 to C$25.00 in a research note on Monday, July 8th. Cormark cut their target price on TELUS from C$27.00 to C$26.00 in a research note on Wednesday, May 15th. JPMorgan Chase & Co. cut their target price on TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. TD Securities cut their target price on TELUS from C$27.00 to C$26.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Scotiabank cut their target price on TELUS from C$26.00 to C$24.25 and set a “sector perform” rating on the stock in a research note on Wednesday, April 17th.

TELUS Price Performance

Shares of T stock opened at C$21.95 on Wednesday. The stock’s fifty day moving average is C$21.68 and its 200-day moving average is C$22.52. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67. The stock has a market capitalization of C$32.49 billion, a PE ratio of 42.21, a PEG ratio of 2.07 and a beta of 0.67. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94.

TELUS (TSE:T) (NYSE:TU) last announced its earnings results on Thursday, May 9th. The company reported C$0.26 EPS for the quarter, topping the consensus estimate of C$0.24 by C$0.02. The company had revenue of C$4.93 billion for the quarter, compared to analysts’ expectations of C$5.06 billion. TELUS had a return on equity of 4.96% and a net margin of 4.20%. Equities research analysts expect that TELUS will post 1.0009001 EPS for the current fiscal year.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th were paid a $0.389 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.09%. This is an increase from TELUS’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, June 10th. TELUS’s dividend payout ratio (DPR) is currently 288.46%.

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.