TELUS Co. (TSE:T) Given Consensus Recommendation of “Moderate Buy” by Analysts

TELUS Co. (TSE:T – Get Rating) (NYSE:TU) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$32.60.

Several analysts have recently commented on T shares. BMO Capital Markets lowered their price target on shares of TELUS from C$35.00 to C$33.00 in a research report on Tuesday, January 3rd. Canaccord Genuity Group reduced their price objective on shares of TELUS from C$34.00 to C$33.00 in a research note on Thursday, October 20th. CIBC raised shares of TELUS to a “buy” rating and set a C$31.00 price objective on the stock in a research note on Thursday, January 12th. Royal Bank of Canada increased their price target on shares of TELUS from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Monday, November 7th. Finally, Scotiabank increased their price target on shares of TELUS from C$31.50 to C$32.00 in a research note on Monday, November 7th.

TELUS Trading Up 0.9 %

Shares of T opened at C$28.47 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 141.68. The firm’s 50-day moving average is C$27.83 and its two-hundred day moving average is C$28.47. TELUS has a twelve month low of C$25.94 and a twelve month high of C$34.65. The firm has a market capitalization of C$40.73 billion and a P/E ratio of 19.50.

TELUS (TSE:T – Get Rating) (NYSE:TU) last issued its earnings results on Friday, November 4th. The company reported C$0.34 earnings per share for the quarter, topping the consensus estimate of C$0.33 by C$0.01. The company had revenue of C$4.67 billion for the quarter, compared to analyst estimates of C$4.66 billion. On average, research analysts predict that TELUS will post 1.4400001 earnings per share for the current fiscal year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Friday, December 9th were given a $0.351 dividend. The ex-dividend date of this dividend was Thursday, December 8th. This is an increase from TELUS’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 4.93%. TELUS’s dividend payout ratio (DPR) is currently 91.23%.

Insider Activity at TELUS

In other TELUS news, Director Darren Entwistle sold 563,243 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of C$29.21, for a total transaction of C$16,451,539.49. Following the sale, the director now directly owns 401,598 shares in the company, valued at approximately C$11,730,115.34.

TELUS Company Profile

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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 revenue; mobile technologies equipment sale; data revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services.