TELUS Co. (TSE:T) Given Average Rating of “Hold” by Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received an average rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$24.23.

A number of analysts have recently commented on the company. National Bank Financial cut TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Royal Bank of Canada cut their target price on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. National Bankshares downgraded TELUS from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$24.00 to C$22.00 in a report on Friday, December 13th. BMO Capital Markets upped their price target on shares of TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Finally, Scotiabank reduced their price objective on shares of TELUS from C$24.00 to C$23.25 in a research note on Tuesday, November 26th.

Insider Transactions at TELUS

In other news, Director Marc Parent purchased 19,100 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average cost of C$22.04 per share, with a total value of C$420,964.00. Also, Director Victor George Dodig acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00. Insiders own 0.02% of the company’s stock.

TELUS Stock Up 0.1 %

Shares of TSE:T opened at C$19.46 on Friday. The firm has a market capitalization of C$28.80 billion, a P/E ratio of 36.72, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The stock has a 50 day moving average price of C$21.40 and a 200-day moving average price of C$21.78. TELUS has a 52-week low of C$19.35 and a 52-week high of C$24.92.

TELUS Increases Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 dividend on an annualized basis and a yield of 8.26%. TELUS’s payout ratio is currently 294.34%.

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.