TELUS (TSE:T) PT Lowered to C$49.00

TELUS (TSE:T) (NYSE:TU) had its price objective trimmed by JPMorgan Chase & Co. from C$51.00 to C$49.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

A number of other analysts also recently issued reports on the company. Royal Bank of Canada reaffirmed a hold rating on shares of Rogers Communications in a research note on Tuesday, April 9th. Morgan Stanley increased their price target on TELUS from C$53.00 to C$55.00 in a report on Thursday, March 14th. Canaccord Genuity increased their price target on TELUS from C$51.00 to C$52.00 in a report on Wednesday, May 1st. Finally, TD Securities lowered their price target on Total Energy Services from C$11.50 to C$10.00 and set a hold rating for the company in a report on Friday, May 10th.

Shares of T stock opened at C$48.89 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.58 and a debt-to-equity ratio of 157.70. The firm has a market cap of $29.32 billion and a P/E ratio of 18.11. The stock’s 50 day simple moving average is C$49.30. TELUS has a 1-year low of C$43.88 and a 1-year high of C$51.22.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.74 by C$0.01. The firm had revenue of C$3.51 billion during the quarter, compared to analyst estimates of C$3.53 billion. On average, research analysts forecast that TELUS will post 3.1800002 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 10th were paid a $0.563 dividend. This represents a $2.25 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend was Friday, June 7th. This is a boost from TELUS’s previous quarterly dividend of $0.55. TELUS’s dividend payout ratio (DPR) is presently 83.33%.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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