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

TELUS Co. (TSE:T) (NYSE:TU) reached a new 52-week low on Tuesday . The stock traded as low as C$19.57 and last traded at C$19.60, with a volume of 326835 shares traded. The stock had previously closed at C$19.75.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Scotiabank lowered their price target on TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th. National Bank Financial downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Cormark cut their price target on shares of TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. BMO Capital Markets boosted their price objective on shares of TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Finally, TD Securities cut their target price on TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, TELUS presently has a consensus rating of “Hold” and an average target price of C$24.23.

TELUS Trading Down 0.9 %

The company has a market capitalization of C$28.98 billion, a PE ratio of 36.94, a PEG 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’s 50-day simple moving average is C$21.68 and its two-hundred day simple moving average is C$21.88.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.402 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.21%. This is an increase from TELUS’s previous quarterly dividend of $0.39. TELUS’s dividend payout ratio (DPR) is presently 294.34%.

Insider Activity at TELUS

In other 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 acquired at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent purchased 19,100 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was purchased at an average price of C$22.04 per share, for a total transaction of C$420,964.00. 0.02% of the stock is currently owned by corporate insiders.

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.