TELUS (TSE:T) Sets New 1-Year Low – Here’s What Happened

Shares of TELUS Co. (TSE:T) (NYSE:TU) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$20.03 and last traded at C$20.11, with a volume of 6494419 shares. The stock had previously closed at C$20.53.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. BMO Capital Markets raised their price objective on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. National Bankshares cut TELUS from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$24.00 to C$22.00 in a report on Friday. Scotiabank cut their target price on shares of TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th. Cormark decreased their price target on shares of TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. Finally, National Bank Financial lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$24.31.

TELUS Stock Down 2.0 %

The firm has a market cap of C$29.76 billion, a P/E ratio of 38.74, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58. The business has a 50-day moving average price of C$21.86 and a 200-day moving average price of C$21.94.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.402 per share. This represents a $1.61 annualized dividend and a yield of 8.00%. This is a boost from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS’s dividend payout ratio is presently 294.34%.

Insider Activity

In related news, Director Victor George Dodig acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent bought 19,100 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was bought at an average price of C$22.04 per share, for a total transaction of C$420,964.00. Company insiders own 0.02% of the company’s stock.

TELUS Company Profile

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.