National Bankshares Issues Pessimistic Forecast for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its price target trimmed by National Bankshares from C$22.00 to C$21.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

T has been the subject of several other research reports. Barclays cut their price target on TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. BMO Capital Markets raised their price target on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th. TD Securities cut their target price on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. Finally, Cormark decreased their price target on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, TELUS presently has an average rating of “Hold” and an average price target of C$24.06.

TELUS Trading Up 1.4 %

Shares of TELUS stock opened at C$19.91 on Friday. 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 stock has a fifty day simple moving average of C$21.17 and a 200 day simple moving average of C$21.70. TELUS has a 12-month low of C$19.10 and a 12-month high of C$24.92. The company has a market capitalization of C$29.47 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were given a dividend of $0.402 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.61 annualized dividend and a dividend yield of 8.08%. This is a boost from TELUS’s previous quarterly dividend of $0.39. TELUS’s dividend payout ratio (DPR) is 294.34%.

Insider Buying and Selling

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