Analysts Set TELUS Co. (TSE:T) Price Target at C$25.48

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$25.48.

Several research firms have recently issued reports on T. TD Securities boosted their target price on TELUS from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. BMO Capital Markets lowered their target price on shares of TELUS from C$26.00 to C$24.00 in a research note on Tuesday, April 2nd. Scotiabank reduced their price target on shares of 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. National Bankshares lowered their price objective on shares of TELUS from C$26.00 to C$25.00 in a research report on Friday, May 10th. Finally, Royal Bank of Canada dropped their price objective on TELUS from C$29.00 to C$26.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 10th.

TELUS Stock Performance

T stock opened at C$22.18 on Tuesday. The stock has a market capitalization of C$32.83 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 2.07 and a beta of 0.67. The company has a debt-to-equity ratio of 159.88, a current ratio of 0.67 and a quick ratio of 0.52. The company has a 50 day moving average price of C$22.21 and a 200 day moving average price of C$23.20. TELUS has a fifty-two week low of C$21.12 and a fifty-two week high of C$26.09.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.26 earnings per share for the quarter, topping the consensus estimate of C$0.24 by C$0.02. TELUS had a return on equity of 4.96% and a net margin of 4.20%. The firm had revenue of C$4.93 billion during the quarter, compared to analysts’ expectations of C$5.06 billion. Analysts forecast that TELUS will post 1.0009001 EPS for the current year.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th will be given a $0.389 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.02%. This is a boost from TELUS’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, June 10th. TELUS’s dividend payout ratio (DPR) 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.