TELUS Co. (TSE:T) Given Average Recommendation of “Moderate Buy” by Analysts

by · The Cerbat Gem

TELUS Co. (TSE:T – Get Free Report) (NYSE:TU) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$24.58.

Several research analysts recently issued reports on T shares. Canaccord Genuity Group lowered shares of 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. National Bankshares cut their target price on shares of TELUS from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research report on Wednesday, June 26th. JPMorgan Chase & Co. cut their target price on shares of TELUS from C$24.00 to C$23.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. BMO Capital Markets upped their target price on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Finally, Scotiabank lowered their price target on shares of TELUS from C$24.25 to C$24.00 in a research note on Tuesday, August 6th.

Check Out Our Latest Stock Report on TELUS

Insider Buying and Selling

In other TELUS news, Director Marc Parent acquired 10,530 shares of the business’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of C$22.52 per share, for a total transaction of C$237,135.60. 0.02% of the stock is owned by insiders.

TELUS Trading Down 0.3 %

Shares of T stock opened at C$22.86 on Thursday. The company’s fifty day simple moving average is C$22.14 and its two-hundred day simple moving average is C$22.07. The stock has a market capitalization of C$33.83 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 2.07 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94.

TELUS (TSE:T – Get Free Report) (NYSE:TU) last released its quarterly earnings results on Friday, August 2nd. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.01. The firm had revenue of C$4.97 billion during the quarter, compared to analyst estimates of C$5.04 billion. TELUS had a net margin of 3.91% and a return on equity of 4.67%. As a group, analysts anticipate that TELUS will post 1.0714617 earnings per share for the current year.

TELUS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a $0.389 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Tuesday, September 10th. TELUS’s payout ratio is currently 294.34%.

About TELUS

(Get Free Report

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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