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

T has been the subject of several research reports. UBS Group boosted their price objective on shares of TELUS from C$28.00 to C$33.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 10th. CIBC downgraded 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 report on Friday, April 22nd. Cormark restated a "buy" rating on shares of TELUS in a research note on Friday, June 17th. Canaccord Genuity Group reiterated a "buy" rating and issued a C$34.00 target price on shares of TELUS in a research note on Friday, July 22nd. Finally, Scotiabank boosted their price target on TELUS from C$33.50 to C$34.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$33.58.

TELUS Stock Performance

Shares of TSE:T traded up C$0.28 on Friday, reaching C$30.11. 3,260,399 shares of the company's stock were exchanged, compared to its average volume of 2,945,027. The business's 50-day moving average is C$29.18 and its two-hundred day moving average is C$31.11. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 131.33. TELUS has a fifty-two week low of C$27.34 and a fifty-two week high of C$34.65. The firm has a market capitalization of C$41.58 billion and a price-to-earnings ratio of 24.09.

TELUS (TSE:T - Get Rating) (NYSE:TU) last posted its earnings results on Friday, August 5th. The company reported C$0.32 EPS for the quarter, beating the consensus estimate of C$0.29 by C$0.03. The company had revenue of C$4.40 billion for the quarter, compared to the consensus estimate of C$4.44 billion. As a group, equities research analysts forecast that TELUS will post 1.4 EPS for the current year.

TELUS Announces Dividend

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