TELUS Co. (TSE:T) Director Acquires C$2,138,000.00 in Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Victor George Dodig acquired 100,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of C$21.38 per share, with a total value of C$2,138,000.00.

TELUS Stock Up 0.2 %

T stock opened at C$21.39 on Monday. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. TELUS Co. has a 52-week low of C$20.04 and a 52-week high of C$25.94. The company has a 50-day moving average of C$22.29 and a two-hundred day moving average of C$22.05. The stock has a market capitalization of C$31.66 billion, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.402 per share. This represents a $1.61 dividend on an annualized basis and a yield of 7.52%. This is a boost from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS’s dividend payout ratio is 294.34%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Canaccord Genuity Group downgraded shares of TELUS from a “buy” rating to a “hold” rating and cut their target price for the company from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. Cormark cut their target price on shares of TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. CIBC cut their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Barclays cut their target price on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Finally, TD Securities dropped their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$24.46.

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.