TELUS Co. (TSE:T) Receives Average Rating of “Moderate Buy” from Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$24.58.

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. National Bankshares dropped their target price 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. TD Securities dropped their target price on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their price target on shares of TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada decreased their price target on shares of TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th.

TELUS Trading Down 0.3 %

TSE:T opened at C$22.86 on Thursday. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. The company’s 50 day moving average price is C$22.14 and its 200-day moving average price is C$22.07. The stock has a market cap of C$33.83 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 2.07 and a beta of 0.72.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.24 by C$0.01. TELUS had a net margin of 3.91% and a return on equity of 4.67%. The company had revenue of C$4.97 billion for the quarter, compared to analysts’ expectations of C$5.04 billion. On average, equities research analysts forecast that TELUS will post 1.0714617 earnings per share for the current fiscal year.

TELUS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders 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 annualized dividend and a dividend yield of 6.81%. TELUS’s payout ratio is 294.34%.

Insider Activity

In other news, Director Marc Parent acquired 10,530 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of C$22.52 per share, for a total transaction of C$237,135.60. Insiders own 0.02% of the company’s stock.

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.