TELUS (TSE:T) Given “Market Perform” Rating at BMO Capital Markets

BMO Capital Markets reissued their market perform rating on shares of TELUS (TSE:T) (NYSE:TU) in a research note issued to investors on Tuesday, Stock Target Advisor reports.

T has been the subject of a number of other reports. UBS Group boosted their price target on shares of TELUS from C$24.00 to C$27.00 in a research report on Monday, August 2nd. National Bankshares upped their target price on shares of TELUS from C$30.00 to C$33.00 and gave the company an outperform rating in a report on Friday, September 10th. TD Securities upped their target price on shares of TELUS from C$31.00 to C$33.00 and gave the company a buy rating in a report on Monday, August 23rd. Canaccord Genuity reaffirmed a buy rating on shares of TELUS in a report on Wednesday, September 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of TELUS from C$29.00 to C$30.00 and gave the company an outperform rating in a report on Wednesday, August 4th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of C$30.62.

TSE:T opened at C$28.97 on Tuesday. The company has a fifty day simple moving average of C$28.45 and a two-hundred day simple moving average of C$27.21. The company has a market cap of C$39.43 billion and a price-to-earnings ratio of 31.08. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 128.88. TELUS has a 52 week low of C$22.50 and a 52 week high of C$29.99.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Friday, July 30th. The company reported C$0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.26. On average, analysts expect that TELUS will post 1.2599999 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Friday, September 10th will be paid a dividend of $0.316 per share. This represents a $1.26 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, September 9th. TELUS’s dividend payout ratio is currently 131.96%.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Wireless and Wireline segments. The Wireless segment offers a range of telecommunications products and services. Its wireless products and services include network revenue comprising data and voice; and equipment sales from mobile technologies.

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Analyst Recommendations for TELUS (TSE:T)

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