TELUS (TSE:T) Price Target Cut to C$25.00

TELUS (TSE:T) (NYSE:TU) had its target price trimmed by TD Securities from C$26.00 to C$25.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. National Bankshares cut their target price on TELUS from C$25.00 to C$23.00 and set an outperform rating for the company in a research note on Wednesday, June 26th. Scotiabank cut their target price on TELUS from C$24.25 to C$24.00 in a research note on Tuesday, August 6th. JPMorgan Chase & Co. cut their price objective on TELUS from C$24.00 to C$23.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. Cormark cut their price objective on TELUS from C$27.00 to C$26.00 in a research report on Wednesday, May 15th. Finally, Royal Bank of Canada cut their price objective on TELUS from C$26.00 to C$25.00 and set an outperform rating for the company in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$24.50.

TELUS Trading Up 0.0 %

TELUS stock opened at C$22.52 on Wednesday. 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 12 month low of C$20.04 and a 12 month high of C$25.94. The stock’s 50 day simple moving average is C$21.72 and its two-hundred day simple moving average is C$22.39. The firm has a market cap of C$33.33 billion, a PE ratio of 43.31, a P/E/G ratio of 2.07 and a beta of 0.67.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 EPS for the quarter, topping the consensus estimate 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 analyst estimates of C$5.04 billion. Analysts anticipate that TELUS will post 1.0009001 earnings per share for the current year.

TELUS Announces Dividend

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