TELUS (TSE:T) Price Target Cut to C$25.00

TELUS (TSE:T) (NYSE:TU) had its target price decreased by TD Securities from C$26.00 to C$25.00 in a research note published on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research analysts also recently commented on T. Scotiabank lowered their price target on shares of TELUS from C$24.25 to C$24.00 in a report on Tuesday, August 6th. Cormark lowered their price target on shares of TELUS from C$27.00 to C$26.00 in a report on Wednesday, May 15th. CIBC lowered their price target on shares of TELUS from C$25.00 to C$24.00 and set an outperform rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. lowered their price target on shares of TELUS from C$24.00 to C$23.00 and set a neutral rating for the company in a report on Wednesday, July 10th. Finally, National Bankshares lowered their price target on shares of TELUS from C$25.00 to C$23.00 and set an outperform rating for the company in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$24.50.

TELUS Trading Up 0.0 %

Shares of TELUS stock opened at C$22.52 on Wednesday. The firm has a market cap of C$33.33 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 2.07 and a beta of 0.67. The business has a 50-day moving average price of C$21.72 and a 200-day moving average price of C$22.39. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 159.88. TELUS has a twelve month low of C$20.04 and a twelve month high of C$25.94.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.01. The firm had revenue of C$4.97 billion during the quarter, compared to analyst estimates of C$5.04 billion. TELUS had a return on equity of 4.96% and a net margin of 4.20%. Equities research analysts anticipate that TELUS will post 1.0009001 EPS for the current fiscal year.

TELUS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.389 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.91%. The ex-dividend date of this dividend is Tuesday, September 10th. TELUS’s dividend payout ratio is presently 288.46%.

About TELUS

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.