TELUS (TSE:T) Downgraded to “Sector Perform” Rating by National Bankshares

National Bankshares downgraded shares of TELUS (TSE:T) (NYSE:TU) from an outperform rating to a sector perform rating in a research note released on Friday,BayStreet.CA reports. They currently have C$22.00 price target on the stock, down from their previous price target of C$24.00.

T has been the subject of several other reports. TD Securities decreased their price objective on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Cormark reduced their price objective on TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. Scotiabank reduced their target price on shares of TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th. Barclays decreased their price target on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their target price on shares of TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$24.31.

TELUS Stock Down 1.1 %

TELUS stock opened at C$20.73 on Friday. TELUS has a 12 month low of C$20.04 and a 12 month high of C$25.07. The stock has a fifty day simple moving average of C$21.89 and a two-hundred day simple moving average of C$21.95. 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 market cap of C$30.68 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.402 per share. This is a boost from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a yield of 7.76%. TELUS’s payout ratio is 294.34%.

Insider Activity at TELUS

In other TELUS news, Director Marc Parent bought 19,100 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were acquired at an average price of C$22.04 per share, with a total value of C$420,964.00. Also, Director Victor George Dodig acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired 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 currently owned by 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.