Scotiabank Trims TELUS (TSE:T) Target Price to C$24.25

TELUS (TSE:T) (NYSE:TU) had its price objective decreased by Scotiabank from C$26.00 to C$24.25 in a research report report published on Wednesday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other equities analysts have also issued reports on the stock. Royal Bank of Canada lowered their target price on shares of TELUS from C$29.00 to C$26.00 and set a sector perform rating on the stock in a research report on Wednesday, April 10th. Veritas Investment Research downgraded TELUS from a buy rating to a reduce rating and set a C$27.00 price target for the company. in a report on Friday, January 26th. JPMorgan Chase & Co. decreased their price target on TELUS from C$27.00 to C$24.00 in a report on Wednesday, April 3rd. National Bankshares decreased their price target on TELUS from C$27.00 to C$26.00 and set an outperform rating for the company in a report on Monday, March 25th. Finally, CIBC decreased their price target on TELUS from C$28.00 to C$26.00 in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, TELUS has an average rating of Moderate Buy and a consensus price target of C$26.45.

TELUS Stock Performance

Shares of T opened at C$21.69 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 159.88. The firm has a market cap of C$32.10 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 2.07 and a beta of 0.68. The company’s 50 day simple moving average is C$22.78 and its 200-day simple moving average is C$23.41. TELUS has a 12-month low of C$21.12 and a 12-month high of C$28.95.

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

TELUS Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were issued a $0.376 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend was Friday, March 8th. TELUS’s dividend payout ratio (DPR) is currently 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.