TELUS (TSE:T – Free Report) (NYSE:TU) had its target price cut by CIBC from C$26.00 to C$25.00 in a report released on Monday morning, BayStreet.CA reports.
Several other research firms have also issued reports on T. BMO Capital Markets reduced their target price on TELUS from C$26.00 to C$24.00 in a report on Tuesday, April 2nd. National Bankshares dropped their target price on TELUS from C$25.00 to C$23.00 and set an outperform rating on the stock in a research report on Wednesday, June 26th. Scotiabank dropped their target price on TELUS from C$26.00 to C$24.25 and set a sector perform rating on the stock in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lowered their price objective on TELUS from C$27.00 to C$24.00 in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada lowered their price target on TELUS from C$29.00 to C$26.00 and set a sector perform rating on the stock in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, TELUS has an average rating of Moderate Buy and an average price target of C$24.94.
Check Out Our Latest Stock Analysis on TELUS
TELUS Stock Performance
TELUS (TSE:T – Get Free Report) (NYSE:TU) last released its earnings results on Thursday, May 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.24 by C$0.02. The company had revenue of C$4.93 billion during the quarter, compared to analyst estimates of C$5.06 billion. TELUS had a return on equity of 4.96% and a net margin of 4.20%. Equities analysts forecast that TELUS will post 1.0009001 earnings per share for the current fiscal year.
TELUS Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 10th were issued a $0.389 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend was Monday, June 10th. TELUS’s payout ratio is presently 288.46%.
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.
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