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.

Analyst Ratings Changes

T has been the subject of a number of recent analyst reports. CIBC cut shares of TELUS from an "outperform" rating to a "hold" rating and upped their price target for the company from C$33.50 to C$34.00 in a report on Friday, April 22nd. Barclays lowered shares of TELUS to a "hold" rating and set a C$26.00 price objective for the company. in a research report on Tuesday, May 10th. TD Securities upped their price objective on shares of TELUS from C$33.00 to C$34.00 and gave the company a "buy" rating in a research report on Monday, August 8th. Scotiabank upped their price objective on shares of TELUS from C$33.50 to C$34.00 in a research report on Thursday. Finally, UBS Group upped their price objective on shares of TELUS from C$28.00 to C$33.00 and gave the company a "neutral" rating in a research report on Tuesday, May 10th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$33.58.

TELUS Price Performance

Shares of T traded up C$0.28 during mid-day trading on Friday, hitting C$30.11. 3,260,399 shares of the company traded hands, compared to its average volume of 2,945,027. TELUS has a one year low of C$27.34 and a one year high of C$34.65. The company has a current ratio of 0.58, a quick ratio of 0.43 and a debt-to-equity ratio of 131.49. The business has a 50-day moving average of C$29.18 and a 200 day moving average of C$31.12. The stock has a market capitalization of C$41.58 billion and a price-to-earnings ratio of 22.47.

TELUS (TSE:T - Get Rating) (NYSE:TU) last released its quarterly 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 analysts expect that TELUS will post 1.42 earnings per share for the current fiscal year.

TELUS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be paid a $0.339 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.36 dividend on an annualized basis and a yield of 4.50%. TELUS's payout ratio is presently 100.75%.