TELUS - T Stock Forecast, Price & News

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 revenue; mobile technologies equipment sale; data revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services. The Digitally-Led Customer Experiences segment provides digital customer experience and digital-enablement transformation solutions, including artificial intelligence and content management solutions. It has 16.9 million subscriber connections, which include 9.3 million mobile phone subscribers; 2.1 million connected device subscribers; 2.3 million internet subscribers; 1.1 million residential voice subscribers; 1.3 million TV subscribers; and 804,000 security subscribers. The company was formerly known as TELUS Communications Inc. and changed its name to TELUS Corporation in February 2005. TELUS Corporation was incorporated in 1998 and is headquartered in Vancouver, Canada.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Scotiabank raised their target price on TELUS from C$33.50 to C$34.00 in a research note on Thursday. TD Securities increased their price target on TELUS from C$33.00 to C$34.00 and gave the company a "buy" rating in a research report on Monday, August 8th. CIBC lowered TELUS from an "outperform" rating to a "hold" rating and increased their price target for the company from C$33.50 to C$34.00 in a research report on Friday, April 22nd. UBS Group increased their price target on TELUS from C$28.00 to C$33.00 and gave the company a "neutral" rating in a research report on Tuesday, May 10th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a C$34.00 price target on shares of TELUS in a research report on Friday, July 22nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$33.58.

TELUS Stock Performance

Shares of TSE:T opened at C$30.11 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 131.33. The business's 50 day moving average is C$29.20 and its two-hundred day moving average is C$31.10. The company has a market cap of C$41.58 billion and a P/E ratio of 24.09. TELUS has a 12 month low of C$27.34 and a 12 month high of C$34.65.

TELUS (TSE:T - Get Rating) (NYSE:TU) last issued its quarterly earnings results on Friday, August 5th. The company reported C$0.32 EPS for the quarter, topping the consensus estimate of C$0.29 by C$0.03. The business had revenue of C$4.40 billion during the quarter, compared to the consensus estimate of C$4.44 billion. On average, equities analysts expect that TELUS will post 1.4 EPS for the current year.

TELUS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be paid a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Thursday, September 8th. TELUS's dividend payout ratio is 104.77%.