TELUS (TSE:T) Hits New 1-Year Low – Should You Sell?

Shares of TELUS Co. (TSE:T) (NYSE:TU) reached a new 52-week low on Monday . The company traded as low as C$19.10 and last traded at C$19.19, with a volume of 2178360 shares traded. The stock had previously closed at C$19.46.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on T shares. Scotiabank lowered their target price on TELUS from C$24.00 to C$23.25 in a research note on Tuesday, November 26th. Royal Bank of Canada decreased their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. 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. National Bank Financial lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th. Finally, Barclays dropped their price objective on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, TELUS presently has an average rating of “Hold” and a consensus price target of C$24.23.

TELUS Trading Down 1.0 %

The firm has a market capitalization of C$28.50 billion, a PE ratio of 36.34, a P/E/G ratio of 1.65 and a beta of 0.72. The firm has a 50 day simple moving average of C$21.40 and a 200 day simple moving average of C$21.77. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors 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 is a boost from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a dividend yield of 8.35%. TELUS’s dividend payout ratio (DPR) is 294.34%.

Insiders Place Their Bets

In other news, Director Marc Parent bought 19,100 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were acquired at an average cost of C$22.04 per share, with a total value of C$420,964.00. Also, Director Victor George Dodig purchased 100,000 shares of TELUS stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. 0.02% of the stock is 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.