TELUS (TSE:T) Price Target Cut to C$25.00 by Analysts at Cormark

TELUS (TSE:T) (NYSE:TU) had its price objective cut by Cormark from C$26.00 to C$25.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. Cormark also issued estimates for TELUS’s FY2024 earnings at $0.99 EPS and FY2025 earnings at $0.91 EPS.

A number of other analysts have also issued reports on the company. BMO Capital Markets lifted their target price on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and cut their target price for the company from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. CIBC reduced their price target on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Scotiabank raised TELUS from a “sector perform” rating to an “outperform” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada decreased their target price on TELUS from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, TELUS currently has an average rating of “Moderate Buy” and a consensus price target of C$24.46.

TELUS Price Performance

T opened at C$21.34 on Monday. TELUS has a twelve month low of C$20.04 and a twelve month high of C$25.94. The firm has a market cap of C$31.58 billion, a price-to-earnings ratio of 40.89, a PEG 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. The company has a fifty day simple moving average of C$22.32 and a 200 day simple moving average of C$22.06.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a $0.402 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 annualized dividend and a dividend yield of 7.54%. TELUS’s dividend payout ratio (DPR) is 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.