TELUS Co. (TSE:T) (NYSE:TU) has received an average recommendation of “Buy” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$30.36.
Several analysts have issued reports on T shares. CIBC reaffirmed an “outperform” rating and set a C$30.00 target price (up previously from C$29.00) on shares of TELUS in a research report on Tuesday, August 3rd. National Bank Financial upped their price objective on TELUS to C$33.00 and gave the company an “outperform” rating in a report on Friday, September 10th. UBS Group increased their target price on TELUS from C$24.00 to C$27.00 in a report on Monday, August 2nd. Canaccord Genuity reiterated a “buy” rating on shares of TELUS in a research note on Wednesday, September 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TELUS from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 4th.
Shares of TSE T traded down C$0.13 during mid-day trading on Wednesday, hitting C$28.84. The company’s stock had a trading volume of 1,231,231 shares, compared to its average volume of 2,785,732. The company has a debt-to-equity ratio of 128.88, a current ratio of 0.94 and a quick ratio of 0.79. TELUS has a one year low of C$22.50 and a one year high of C$29.99. The stock has a market cap of C$39.25 billion and a price-to-earnings ratio of 30.91. The company’s fifty day simple moving average is C$28.45 and its 200-day simple moving average is C$27.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Friday, September 10th will be given a $0.316 dividend. The ex-dividend date is Thursday, September 9th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 4.38%. TELUS’s payout ratio is 131.96%.
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Wireless and Wireline segments. The Wireless segment offers a range of telecommunications products and services. Its wireless products and services include network revenue comprising data and voice; and equipment sales from mobile technologies.
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