TELUS (TSE:T) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• TELUS Co. has recently crossed above its 200-day moving average of C$21.50, reaching a trading high of C$22.22.
• The company has seen several analysts adjust their price targets, with an average target now at C$23.04 and mixed ratings including "outperform" and "hold".
• TELUS has increased its quarterly dividend from C$0.40 to C$0.4163, resulting in a dividend yield of 7.7% and a payout ratio of 253.11%.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$21.50 and traded as high as C$22.22. TELUS shares last traded at C$21.54, with a volume of 6,032,973 shares changing hands.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Royal Bank Of Canada decreased their target price on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. National Bankshares upped their price objective on shares of TELUS from C$22.00 to C$23.00 and gave the stock a "sector perform" rating in a research report on Friday, June 6th. Scotiabank set a C$24.50 price objective on shares of TELUS and gave the stock an "outperform" rating in a research report on Friday, June 13th. Canaccord Genuity Group upped their price objective on shares of TELUS from C$20.25 to C$21.50 in a research report on Monday, May 12th. Finally, BMO Capital Markets upped their price objective on shares of TELUS from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of C$23.04.

TELUS Stock Performance

The firm's fifty day moving average price is C$22.23 and its 200 day moving average price is C$21.50. 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 stock has a market capitalization of C$32.43 billion, a price-to-earnings ratio of 34.95, 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 issued a $0.4163 dividend. This is a positive change from TELUS's previous quarterly dividend of $0.40. This represents a $1.67 annualized dividend and a dividend yield of 7.7%. TELUS's dividend payout ratio is currently 253.11%.

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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