TELUS Co. (TSE:T - Get Free Report) NYSE: TU's stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$21.79 and traded as high as C$22.91. TELUS shares last traded at C$22.70, with a volume of 2,977,790 shares traded.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on T. Scotiabank upped their price objective on TELUS from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Monday. Canaccord Genuity Group upped their target price on shares of TELUS from C$20.25 to C$21.50 in a research report on Monday, May 12th. BMO Capital Markets raised their price target on shares of TELUS from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, National Bankshares set a C$23.00 price objective on shares of TELUS and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, TELUS presently has a consensus rating of "Hold" and a consensus target price of C$23.32.
Get Our Latest Report on TELUS
TELUS Stock Performance
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$34.54 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 1.65 and a beta of 0.98. The stock's 50 day moving average is C$22.43 and its 200 day moving average is C$21.80.
TELUS Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued 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 yield of 7.4%. TELUS's payout ratio is 247.69%.
About TELUS
(
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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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