TELUS (TSE:T) Price Target Cut to C$25.00 by Analysts at CIBC

TELUS (TSE:TFree Report) (NYSE:TU) had its price objective lowered by CIBC from C$26.00 to C$25.00 in a research report released on Monday, BayStreet.CA reports.

Several other research firms also recently commented on T. Scotiabank cut their target price on TELUS from C$26.00 to C$24.25 and set a sector perform rating for the company in a research report on Wednesday, April 17th. National Bankshares cut their target price on TELUS from C$25.00 to C$23.00 and set an outperform rating for the company in a research report on Wednesday, June 26th. Cormark cut their target price on TELUS from C$27.00 to C$26.00 in a research report on Wednesday, May 15th. Royal Bank of Canada cut their target price on TELUS from C$29.00 to C$26.00 and set a sector perform rating for the company in a research report on Wednesday, April 10th. Finally, TD Securities raised their target price on TELUS from C$25.00 to C$27.00 and gave the stock a buy rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, TELUS presently has an average rating of Moderate Buy and an average price target of C$25.25.

View Our Latest Analysis on T

TELUS Stock Performance

Shares of TSE T opened at C$21.04 on Monday. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67. The firm has a market cap of C$31.14 billion, a price-to-earnings ratio of 40.46, a P/E/G ratio of 2.07 and a beta of 0.67. The business’s 50-day simple moving average is C$21.93 and its 200-day simple moving average is C$22.74. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94.

TELUS (TSE:TGet Free Report) (NYSE:TU) last released its earnings results on Thursday, May 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.02. The firm had revenue of C$4.93 billion for the quarter, compared to analyst estimates of C$5.06 billion. TELUS had a return on equity of 4.96% and a net margin of 4.20%. As a group, equities research analysts expect that TELUS will post 1.0009001 earnings per share for the current fiscal year.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th were issued a $0.389 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 7.40%. The ex-dividend date of this dividend was Monday, June 10th. TELUS’s dividend payout ratio is 288.46%.

TELUS Company Profile

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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.

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