TELUS (TSE:T) PT Raised to C$27.00

TELUS (TSE:T) (NYSE:TU) had its price objective lifted by TD Securities from C$25.00 to C$27.00 in a report released on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on T. Desjardins upped their price target on TELUS from C$27.00 to C$28.00 and gave the company a buy rating in a research report on Friday, January 26th. Barclays reduced their price target on TELUS from C$25.00 to C$24.00 in a research report on Monday, February 12th. JPMorgan Chase & Co. reduced their price target on TELUS from C$27.00 to C$24.00 in a research report on Wednesday, April 3rd. Cormark reduced their price target on TELUS from C$27.00 to C$26.00 in a research report on Wednesday, May 15th. Finally, BMO Capital Markets cut their target price on TELUS from C$26.00 to C$24.00 in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$25.48.

TELUS Trading Down 1.2 %

Shares of T stock opened at C$22.22 on Tuesday. The firm has a market capitalization of C$32.89 billion, a P/E ratio of 38.31, a P/E/G ratio of 2.07 and a beta of 0.67. TELUS has a twelve month low of C$21.12 and a twelve month high of C$26.75. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 159.88. The stock’s fifty day simple moving average is C$22.09 and its 200 day simple moving average is C$23.34.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be paid a dividend of $0.389 per share. This is an increase from TELUS’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend is Monday, June 10th. TELUS’s dividend payout ratio is 258.62%.

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.