TELUS (TSE:T) Price Target Lowered to C$24.00 at Scotiabank

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by Scotiabank from C$24.25 to C$24.00 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on T. CIBC dropped their price objective on TELUS from C$25.00 to C$24.00 and set an outperform rating on the stock in a research note on Tuesday. Canaccord Genuity Group lowered their target price on shares of TELUS from C$25.00 to C$23.00 and set a buy rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. lowered 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 research note on Wednesday, July 10th. Cormark cut their target price on shares of TELUS from C$27.00 to C$26.00 in a research note on Wednesday, May 15th. Finally, TD Securities lowered their price target on TELUS from C$27.00 to C$26.00 and set a buy rating on the stock in a research report on Monday, July 22nd. One 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 stock. According to MarketBeat, TELUS currently has a consensus rating of Moderate Buy and a consensus target price of C$24.50.

TELUS Stock Down 0.3 %

Shares of T stock opened at C$22.51 on Tuesday. The firm’s fifty day moving average price is C$21.72 and its two-hundred day moving average price is C$22.42. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 159.88. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94. The firm has a market capitalization of C$33.31 billion, a P/E ratio of 43.29, a PEG ratio of 2.07 and a beta of 0.67.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.01. TELUS had a return on equity of 4.96% and a net margin of 4.20%. The business had revenue of C$4.97 billion for the quarter, compared to the consensus estimate of C$5.04 billion. On average, equities analysts predict that TELUS will post 1.0009001 EPS for the current fiscal year.

TELUS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be given a dividend of $0.389 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a yield of 6.91%. TELUS’s dividend payout ratio is currently 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.