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

TELUS Co. (TSE:T) (NYSE:TU) has been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$24.46.

A number of analysts recently issued reports on the company. Royal Bank of Canada lowered their target price on TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Scotiabank upgraded TELUS from a “sector perform” rating to an “outperform” rating in a report on Monday, October 28th. Barclays reduced their price target on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. TD Securities reduced their price target on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Cormark reduced their price target on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th.

Insider Activity

In other TELUS news, Director Victor George Dodig purchased 100,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00. 0.02% of the stock is owned by company insiders.

TELUS Price Performance

T stock opened at C$21.64 on Tuesday. The stock has a 50-day moving average price of C$22.15 and a two-hundred day moving average price of C$22.02. The stock has a market cap of C$32.03 billion, a PE ratio of 40.83, a price-to-earnings-growth 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. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.402 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date is Wednesday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.39. TELUS’s payout ratio is currently 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.