Cormark Has Lowered Expectations for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its target price reduced by Cormark from C$26.00 to C$25.00 in a research report report published on Monday,BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. Barclays reduced their target price on shares of TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating and cut their target price for the stock from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. BMO Capital Markets upped their target price on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. TD Securities dropped their price target on TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Scotiabank raised shares of TELUS from a “sector perform” rating to an “outperform” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, TELUS presently has a consensus rating of “Moderate Buy” and an average target price of C$24.46.

TELUS Price Performance

Shares of TSE T opened at C$21.95 on Monday. TELUS has a twelve month low of C$20.04 and a twelve month high of C$25.94. 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 firm has a 50-day moving average of C$22.31 and a two-hundred day moving average of C$22.06. The company has a market capitalization of C$32.49 billion, a price-to-earnings ratio of 41.45, a PEG ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.402 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.33%. This is a positive change from TELUS’s previous quarterly dividend of $0.39. TELUS’s dividend payout ratio (DPR) is 294.34%.

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.