TELUS Co. (TSE:T) Given Average Recommendation of "Hold" by Brokerages

Key Points

• TELUS Co. (TSE:T) has received a consensus rating of "Hold" from eleven analysts, with six recommending a hold and five a buy.
• The average 12-month target price for TELUS shares among analysts is C$23.32, while Scotiabank and BMO Capital Markets have raised their target prices to C$26.00 and C$24.00 respectively.
• TELUS recently increased its quarterly dividend to $0.4163 per share, reflecting an annualized dividend of $1.67 and a yield of 7.6%.

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have been assigned a consensus rating of "Hold" from the eleven analysts that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$23.32.

Several analysts have weighed in on the stock. Scotiabank boosted their target price on shares of TELUS from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Monday, September 8th. BMO Capital Markets boosted their target price on shares of TELUS from C$23.00 to C$24.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, National Bankshares set a C$23.00 target price on shares of TELUS and gave the company a "sector perform" rating in a research note on Tuesday, August 12th.

TELUS Stock Up 0.5%

T stock opened at C$21.93 on Monday. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. TELUS has a 1-year low of C$19.10 and a 1-year high of C$23.29. The firm has a fifty day moving average price of C$22.40 and a two-hundred day moving average price of C$21.79. The firm has a market cap of C$33.44 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 1.65 and a beta of 0.98.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.4163 per share. This represents a $1.67 annualized dividend and a dividend yield of 7.6%. This is a positive change from TELUS's previous quarterly dividend of $0.40. TELUS's dividend payout ratio is currently 247.69%.

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.