TELUS Co. (TSE:T – Get Free Report) (NYSE:TU) has received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$25.33.
A number of equities research analysts recently weighed in on T shares. Cormark reduced their price target on shares of TELUS from C$27.00 to C$26.00 in a research report on Wednesday, May 15th. National Bankshares reduced their price target on shares of TELUS from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research report on Wednesday, June 26th. CIBC reduced their price target on shares of TELUS from C$28.00 to C$26.00 in a research report on Thursday, April 4th. BMO Capital Markets reduced their price target on shares of TELUS from C$26.00 to C$24.00 in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of TELUS from C$27.00 to C$24.00 in a report on Wednesday, April 3rd.
TELUS Stock Performance
TELUS (TSE:T – Get Free Report) (NYSE:TU) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.24 by C$0.02. The business had revenue of C$4.93 billion during the quarter, compared to analysts’ expectations of C$5.06 billion. TELUS had a net margin of 4.20% and a return on equity of 4.96%. As a group, equities analysts anticipate that TELUS will post 1.0009001 earnings per share for the current fiscal year.
TELUS Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th were given a $0.389 dividend. The ex-dividend date of this dividend was Monday, June 10th. This is a positive change from TELUS’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 7.57%. 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.
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