Scotiabank lowered shares of TELUS (TSE:T – Free Report) (NYSE:TU) from an outperform rating to a sector perform rating in a research note published on Monday morning, BayStreet.CA reports. The firm currently has C$26.00 price objective on the stock, down from their prior price objective of C$28.00.
T has been the topic of several other reports. CIBC increased their price objective on shares of TELUS from C$26.00 to C$28.00 and gave the company an outperform rating in a research report on Monday, December 18th. BMO Capital Markets cut their price objective on shares of TELUS from C$27.00 to C$26.00 and set an outperform rating on the stock in a research report on Monday, February 12th. Barclays cut their price objective on shares of TELUS from C$25.00 to C$24.00 in a research report on Monday, February 12th. Desjardins raised their price target on shares of TELUS from C$27.00 to C$28.00 and gave the company a buy rating in a report on Friday, January 26th. Finally, Veritas Investment Research downgraded shares of TELUS from a buy rating to a reduce rating and set a C$27.00 price target on the stock. in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$27.36.
Check Out Our Latest Stock Report on T
TELUS Stock Up 1.2 %
TELUS (TSE:T – Get Free Report) (NYSE:TU) last issued its quarterly earnings results on Friday, February 9th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.23 by C$0.01. The company had revenue of C$5.20 billion during the quarter, compared to analyst estimates of C$5.24 billion. TELUS had a net margin of 4.20% and a return on equity of 4.96%. As a group, sell-side analysts anticipate that TELUS will post 1 earnings per share for the current fiscal year.
TELUS Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be paid a $0.376 dividend. This represents a $1.50 annualized dividend and a dividend yield of 6.97%. The ex-dividend date is Friday, March 8th. TELUS’s dividend payout ratio (DPR) is presently 263.16%.
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.
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