Brokerages Set TELUS Co. (TSE:T) Price Target at C$25.48

TELUS Co. (TSE:TGet Free Report) (NYSE:TU) has earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$25.48.

T has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of TELUS from C$27.00 to C$24.00 in a research report on Wednesday, April 3rd. TD Securities raised their price objective on shares of TELUS from C$25.00 to C$27.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Royal Bank of Canada cut their price objective on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating for the company in a report on Wednesday, April 10th. Barclays cut their price objective on shares of TELUS from C$25.00 to C$24.00 in a report on Monday, February 12th. Finally, BMO Capital Markets cut their price objective on shares of TELUS from C$26.00 to C$24.00 in a report on Tuesday, April 2nd.

Read Our Latest Report on TELUS

TELUS Stock Up 0.2 %

TELUS stock opened at C$22.85 on Tuesday. TELUS has a twelve month low of C$21.12 and a twelve month high of C$26.09. The firm has a 50 day moving average price of C$22.17 and a 200-day moving average price of C$23.24. The company has a market capitalization of C$33.82 billion, a P/E ratio of 43.94, a P/E/G ratio of 2.07 and a beta of 0.67. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 159.88.

TELUS (TSE:TGet Free Report) (NYSE:TU) last released its earnings results on Thursday, May 9th. The company reported C$0.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.02. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The firm had revenue of C$4.93 billion during the quarter, compared to the consensus estimate of C$5.06 billion. As a group, equities analysts predict that TELUS will post 1.0009001 EPS for the current year.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th will be paid a $0.389 dividend. The ex-dividend date is Monday, June 10th. This is a boost from TELUS’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 6.81%. TELUS’s dividend payout ratio is currently 288.46%.


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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; 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.

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Analyst Recommendations for TELUS (TSE:T)

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