TELUS (TSE:T) PT Lowered to C$25.00

TELUS (TSE:TFree Report) (NYSE:TU) had its price objective lowered by TD Securities from C$26.00 to C$25.00 in a report published on Friday morning, BayStreet.CA reports.

A number of other research analysts also recently issued reports on T. Scotiabank cut their price objective on shares of TELUS from C$26.00 to C$24.25 and set a sector perform rating on the stock in a research report on Wednesday, April 17th. JPMorgan Chase & Co. cut their price objective on shares of TELUS from C$27.00 to C$24.00 in a research report on Wednesday, April 3rd. Desjardins lifted their target price on shares of TELUS from C$27.00 to C$28.00 and gave the stock a buy rating in a research note on Friday, January 26th. Barclays lowered their target price on shares of TELUS from C$25.00 to C$24.00 in a research note on Monday, February 12th. Finally, National Bankshares lowered their target price on shares of TELUS from C$27.00 to C$26.00 and set an outperform rating for the company in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, TELUS currently has a consensus rating of Moderate Buy and a consensus target price of C$25.27.

Read Our Latest Report on TELUS

TELUS Stock Up 1.0 %

Shares of TELUS stock opened at C$22.24 on Friday. The firm’s 50 day moving average price is C$22.23 and its 200-day moving average price is C$23.38. 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 52-week low of C$21.12 and a 52-week high of C$27.85. The company has a market cap of C$32.92 billion, a P/E ratio of 38.34, a PEG ratio of 2.07 and a beta of 0.68.

TELUS (TSE:TGet Free Report) (NYSE:TU) last issued its quarterly earnings data on Friday, February 9th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.01. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The firm had revenue of C$5.20 billion for the quarter, compared to the consensus estimate of C$5.24 billion. On average, sell-side analysts predict that TELUS will post 1.0008941 EPS for the current fiscal year.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th will be paid a dividend of $0.389 per share. This represents a $1.56 annualized dividend and a yield of 7.00%. This is a boost from TELUS’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, June 10th. TELUS’s payout ratio is presently 258.62%.

About TELUS

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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.

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Analyst Recommendations for TELUS (TSE:T)

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