Shares of TELUS Co. (TSE:T – Get Free Report) (NYSE:TU) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$24.37 and traded as high as C$24.46. TELUS shares last traded at C$24.45, with a volume of 2,671,568 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on T shares. Canaccord Genuity Group decreased their price objective on shares of TELUS from C$30.00 to C$26.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. Royal Bank of Canada increased their price target on shares of TELUS from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. Desjardins cut their price objective on TELUS from C$27.00 to C$26.00 and set a “buy” rating for the company in a research report on Friday, October 13th. CIBC dropped their price target on TELUS from C$29.00 to C$26.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. Finally, UBS Group reduced their price objective on TELUS from C$27.00 to C$24.00 in a research report on Tuesday, October 10th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$28.17.
TELUS Price Performance
TELUS Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be given a $0.376 dividend. The ex-dividend date is Friday, December 8th. This is a boost from TELUS’s previous quarterly dividend of $0.36. This represents a $1.50 annualized dividend and a dividend yield of 6.21%. TELUS’s dividend payout ratio (DPR) is currently 277.78%.
Insider Buying and Selling at TELUS
In other news, Director Darren Entwistle acquired 12,230 shares of TELUS stock in a transaction dated Thursday, September 28th. The shares were acquired at an average cost of C$16.36 per share, with a total value of C$200,081.58. 0.02% of the stock is owned by company insiders.
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; 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.
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