TELUS Co. (TSE:T) Receives C$24.87 Consensus Target Price from Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$24.87.

A number of brokerages have recently weighed in on T. JPMorgan Chase & Co. reduced their price objective on shares of TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. BMO Capital Markets reduced their price objective on shares of TELUS from C$26.00 to C$24.00 in a report on Tuesday, April 2nd. Royal Bank of Canada reduced their price objective on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 10th. CIBC reduced their price objective on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, July 8th. Finally, National Bankshares reduced their price objective on shares of TELUS from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a report on Wednesday, June 26th.

TELUS Stock Performance

Shares of T stock opened at C$22.13 on Wednesday. The firm’s 50 day moving average price is C$21.67 and its 200-day moving average price is C$22.49. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67. TELUS has a one year low of C$20.04 and a one year high of C$25.94. The firm has a market cap of C$32.75 billion, a P/E ratio of 42.56, a P/E/G ratio of 2.07 and a beta of 0.67.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Thursday, May 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.02. The company had revenue of C$4.93 billion for the quarter, compared to analyst estimates of C$5.06 billion. TELUS had a net margin of 4.20% and a return on equity of 4.96%. As a group, equities research analysts predict that TELUS will post 1.0009001 EPS for the current year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th were given a dividend of $0.389 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.56 dividend on an annualized basis and a yield of 7.03%. This is a boost from TELUS’s previous quarterly dividend of $0.38. TELUS’s payout ratio is presently 288.46%.

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.