TELUS Co. (TSE:T) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$26.57.

Several analysts have recently commented on the stock. BMO Capital Markets dropped their price objective on shares of TELUS from C$26.00 to C$24.00 in a report on Tuesday, April 2nd. Desjardins lifted their price target on TELUS from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Barclays lowered their price objective on TELUS from C$25.00 to C$24.00 in a research report on Monday, February 12th. Royal Bank of Canada cut their target price on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating for the company in a report on Wednesday, April 10th. Finally, CIBC lowered their price target on shares of TELUS from C$28.00 to C$26.00 in a report on Thursday, April 4th.

TELUS Trading Down 1.2 %

Shares of TELUS stock opened at C$21.87 on Monday. The firm’s 50 day simple moving average is C$22.88 and its two-hundred day simple moving average is C$23.42. The firm has a market capitalization of C$32.37 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 2.07 and a beta of 0.68. TELUS has a 12-month low of C$21.12 and a 12-month high of C$28.95. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 159.88.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, February 9th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.23 by C$0.01. TELUS had a return on equity of 4.96% and a net margin of 4.20%. The firm had revenue of C$5.20 billion during the quarter, compared to analysts’ expectations of C$5.24 billion. Analysts predict that TELUS will post 0.999543 EPS for the current year.

TELUS Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were given a $0.376 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.50 annualized dividend and a dividend yield of 6.88%. TELUS’s dividend payout ratio (DPR) is presently 258.62%.

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.