TELUS Co. (TSE:T - Get Free Report) NYSE: TU has been given an average rating of "Hold" by the twelve research firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$23.04.
A number of brokerages recently weighed in on T. Royal Bank Of Canada reduced their target price on TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Canaccord Genuity Group boosted their price objective on TELUS from C$20.25 to C$21.50 in a report on Monday, May 12th. BMO Capital Markets boosted their price objective on TELUS from C$23.00 to C$24.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. National Bankshares increased their price objective on TELUS from C$22.00 to C$23.00 and gave the stock a "sector perform" rating in a report on Friday, June 6th. Finally, Scotiabank set a C$24.50 price objective on TELUS and gave the stock an "outperform" rating in a report on Friday, June 13th.
Read Our Latest Stock Analysis on T
TELUS Price Performance
TSE T traded down C$0.78 during mid-day trading on Friday, hitting C$21.54. The stock had a trading volume of 6,032,973 shares, compared to its average volume of 3,983,428. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The company has a 50 day simple moving average of C$22.23 and a 200 day simple moving average of C$21.53. The company has a market cap of C$32.43 billion, a price-to-earnings ratio of 34.95, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a 52-week low of C$19.10 and a 52-week high of C$23.43.
TELUS Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued a $0.4163 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 7.7%. This is a positive change from TELUS's previous quarterly dividend of $0.40. TELUS's dividend payout ratio (DPR) is currently 253.11%.
TELUS Company Profile
(
Get Free Report)
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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