TELUS Co. (TSE:T) Director Buys C$2,138,000.00 in Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Victor George Dodig acquired 100,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of C$21.38 per share, with a total value of C$2,138,000.00.

TELUS Stock Performance

Shares of TELUS stock opened at C$21.63 on Tuesday. The business has a 50-day simple moving average of C$22.28 and a 200-day simple moving average of C$22.05. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. TELUS Co. has a one year low of C$20.04 and a one year high of C$25.94. The company has a market cap of C$32.01 billion, a PE ratio of 40.81, a P/E/G ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be given a $0.402 dividend. The ex-dividend date is Wednesday, December 11th. This is an increase from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.43%. TELUS’s dividend payout ratio is currently 294.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$23.00 to C$21.50 in a report on Tuesday, August 6th. Barclays reduced their price target on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Scotiabank raised shares of TELUS from a “sector perform” rating to an “outperform” rating in a research report on Monday, October 28th. CIBC cut their target price on 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. Finally, Royal Bank of Canada dropped their price objective on TELUS from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, TELUS has an average rating of “Moderate Buy” and an average target price of C$24.46.

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.