TELUS Co. (TSE:T) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• TELUS Co. has received a consensus recommendation of "Moderate Buy" from twelve analysts, with an average target price of C$23.38.
• The company recently increased its quarterly dividend to $0.4163, reflecting an annualized yield of 7.9%.
• TELUS holds a significant market position in Canada, serving about 30% of the mobile phone market with its 9 million subscribers.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has been assigned an average rating of "Moderate Buy" from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$23.38.

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price target on TELUS from C$23.00 to C$24.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Scotiabank boosted their price target on TELUS from C$25.00 to C$26.00 and gave the company an "outperform" rating in a report on Monday, September 8th. Desjardins cut their price target on TELUS from C$25.00 to C$24.00 and set a "buy" rating on the stock in a report on Thursday, October 9th. Finally, National Bankshares set a C$23.00 price target on TELUS and gave the company a "sector perform" rating in a report on Tuesday, August 12th.

TELUS Stock Performance

T stock opened at C$21.20 on Friday. The business's 50-day moving average price is C$22.16 and its two-hundred day moving average price is C$21.84. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The firm has a market cap of C$32.10 billion, a PE ratio of 32.62, a P/E/G ratio of 1.65 and a beta of 0.92. TELUS has a 1-year low of C$19.10 and a 1-year high of C$23.29.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th were issued a $0.4163 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 7.9%. This is a positive change from TELUS's previous quarterly dividend of $0.40. TELUS's payout ratio is 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.

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