TELUS Co. (TSE:T) Given Consensus Recommendation of “Hold” by Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$24.23.

T has been the topic of several analyst reports. TD Securities dropped their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. National Bankshares downgraded TELUS from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$24.00 to C$22.00 in a research report on Friday, December 13th. Barclays reduced their price target on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. Cormark decreased their price objective on TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. Finally, Royal Bank of Canada cut their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th.

TELUS Stock Down 1.5 %

T stock opened at C$19.45 on Friday. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. TELUS has a 1-year low of C$19.45 and a 1-year high of C$24.92. The stock has a market capitalization of C$28.79 billion, a P/E ratio of 36.70, a P/E/G ratio of 1.65 and a beta of 0.72. The business has a fifty day moving average price of C$21.58 and a 200-day moving average price of C$21.85.

TELUS Increases Dividend

The business 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 dividend of $0.402 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 dividend on an annualized basis and a yield of 8.27%. TELUS’s dividend payout ratio is currently 294.34%.

Insider Buying and Selling

In other TELUS news, Director Victor George Dodig purchased 100,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00. Also, Director Marc Parent purchased 19,100 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of C$22.04 per share, with a total value of C$420,964.00. 0.02% of the stock is currently owned by insiders.

TELUS Company Profile

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.