TELUS (TSE:T) Price Target Lowered to C$24.00 at Barclays

TELUS (TSE:TFree Report) (NYSE:TU) had its price target reduced by Barclays from C$25.00 to C$24.00 in a report released on Monday, BayStreet.CA reports.

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.

View Our Latest Report on T

TELUS Price Performance

Shares of T stock opened at C$23.71 on Monday. The stock’s fifty day simple moving average is C$24.15 and its 200 day simple moving average is C$23.54. The company has a debt-to-equity ratio of 159.74, a current ratio of 0.67 and a quick ratio of 0.52. The firm has a market cap of C$35.09 billion, a price-to-earnings ratio of 40.88, a P/E/G ratio of 2.21 and a beta of 0.71. TELUS has a one year low of C$21.16 and a one year high of C$28.95.

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%.

About TELUS

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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 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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Analyst Recommendations for TELUS (TSE:T)

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