Several other analysts have also commented on T. TD Securities decreased their price target on TELUS from C$29.00 to C$27.00 in a research note on Monday, November 6th. JPMorgan Chase & Co. downgraded TELUS from an overweight rating to a neutral rating and cut their price objective for the company from C$29.00 to C$26.00 in a research report on Thursday, January 4th. Scotiabank set a C$27.00 price objective on TELUS and gave the company an outperform rating in a research report on Thursday, January 4th. Veritas Investment Research downgraded TELUS from a buy rating to a reduce rating and set a C$27.00 price objective for the company. in a research report on Friday, January 26th. Finally, Desjardins lifted their price objective on TELUS from C$27.00 to C$28.00 and gave the company a buy rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$27.57.
TELUS Price Performance
TELUS Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be issued a $0.376 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.50 dividend on an annualized basis and a yield of 6.34%. TELUS’s dividend payout ratio is presently 258.62%.
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; 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.
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