TELUS Co. (TSE:T) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• TELUS Co. has received a consensus rating of "Hold" from eleven brokerages, with six analysts rating it as a hold and five giving it a buy rating.
• The company recently announced a dividend increase to $0.4163, resulting in an annualized dividend yield of 7.3% and a dividend payout ratio of 253.11%.
• Analyst price targets for TELUS range from C$21.50 to C$24.50, with the average 1-year target at C$23.18.

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have been given a consensus rating of "Hold" by the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$23.18.

Several analysts have recently issued reports on T shares. Scotiabank set a C$24.50 price objective on TELUS and gave the company an "outperform" rating in a research note on Friday, June 13th. National Bankshares set a C$23.00 price objective on TELUS and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. Canaccord Genuity Group increased their price objective on TELUS from C$20.25 to C$21.50 in a research note on Monday, May 12th. Finally, BMO Capital Markets increased their price objective on TELUS from C$23.00 to C$24.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd.

TELUS Stock Up 0.2%

TSE:T opened at C$22.75 on Thursday. 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 stock's fifty day moving average is C$22.32 and its two-hundred day moving average is C$21.73. TELUS has a 52 week low of C$19.10 and a 52 week high of C$23.43. The stock has a market capitalization of C$34.25 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a $0.4163 dividend. This is a boost from TELUS's previous quarterly dividend of $0.40. This represents a $1.67 annualized dividend and a dividend yield of 7.3%. TELUS's dividend payout ratio (DPR) is presently 253.11%.

About TELUS

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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