Brokerages Set TELUS Co. (TSE:T) PT at C$26.57

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has been assigned an average rating of "Moderate Buy" from the ten research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$26.57.

Several equities analysts have recently weighed in on the stock. Scotiabank downgraded shares of TELUS from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$28.00 to C$26.00 in a research note on Monday, March 25th. Veritas Investment Research downgraded shares of TELUS from a "buy" rating to a "reduce" rating and set a C$27.00 target price for the company. in a research note on Friday, January 26th. JPMorgan Chase & Co. reduced their target price on shares of TELUS from C$27.00 to C$24.00 in a research note on Wednesday, April 3rd. Desjardins lifted their target price on shares of TELUS from C$27.00 to C$28.00 and gave the stock a "buy" rating in a research note on Friday, January 26th. Finally, National Bankshares cut their price objective on shares of TELUS from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research report on Monday, March 25th.

TELUS Stock Down 0.6 %

Shares of TELUS stock traded down C$0.14 during trading hours on Monday, reaching C$21.73. The company's stock had a trading volume of 3,284,904 shares, compared to its average volume of 3,022,436. TELUS has a one year low of C$21.12 and a one year high of C$28.95. The company has a market capitalization of C$32.16 billion, a P/E ratio of 37.47, a P/E/G ratio of 2.07 and a beta of 0.68. The stock's fifty day simple moving average is C$22.88 and its two-hundred day simple moving average is C$23.42. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67.

TELUS (TSE:T - Get Free Report) NYSE: TU last announced its earnings results on Friday, February 9th. The company reported C$0.24 EPS for the quarter, beating the consensus estimate of C$0.23 by C$0.01. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The company had revenue of C$5.20 billion during the quarter, compared to the consensus estimate of C$5.24 billion. On average, research analysts forecast that TELUS will post 0.999543 earnings per share for the current year.

TELUS Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were issued a $0.376 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.50 annualized dividend and a yield of 6.92%. TELUS's dividend payout ratio (DPR) is presently 258.62%.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.