TELUS (TSE:T) Sets New 12-Month Low – Here’s What Happened

Shares of TELUS Co. (TSE:T) (NYSE:TU) reached a new 52-week low on Tuesday . The company traded as low as C$20.03 and last traded at C$20.11, with a volume of 6494419 shares trading hands. The stock had previously closed at C$20.53.

Analyst Ratings Changes

A number of research firms have weighed in on T. BMO Capital Markets increased their target price on TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. TD Securities lowered their target price on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. Scotiabank dropped their target price on shares of TELUS from C$24.00 to C$23.25 in a research report on Tuesday, November 26th. National Bank Financial cut TELUS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada decreased their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, TELUS presently has a consensus rating of “Hold” and a consensus price target of C$24.23.

TELUS Stock Performance

The stock’s 50 day moving average is C$21.77 and its 200 day moving average is C$21.92. The stock has a market capitalization of C$29.30 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 1.65 and a beta of 0.72. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a $0.402 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 8.12%. This is an increase from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, December 11th. TELUS’s payout ratio is presently 294.34%.

Insider Transactions at TELUS

In other TELUS news, Director Victor George Dodig acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. Also, Director Marc Parent bought 19,100 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was bought at an average price of C$22.04 per share, with a total value of C$420,964.00. Company 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.