TELUS (TSE:T) PT Raised to C$27.00

TELUS (TSE:T) (NYSE:TU) had its price objective increased by TD Securities from C$25.00 to C$27.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms have also commented on T. Scotiabank dropped their price target on shares of TELUS from C$26.00 to C$24.25 and set a sector perform rating on the stock in a research report on Wednesday, April 17th. Veritas Investment Research downgraded shares of TELUS from a buy rating to a reduce rating and set a C$27.00 price objective on the stock. in a report on Friday, January 26th. JPMorgan Chase & Co. decreased their price objective on shares of TELUS from C$27.00 to C$24.00 in a report on Wednesday, April 3rd. Royal Bank of Canada decreased their price objective on shares of TELUS from C$29.00 to C$26.00 and set a sector perform rating on the stock in a report on Wednesday, April 10th. Finally, National Bankshares decreased their price objective on shares of TELUS from C$26.00 to C$25.00 in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$25.48.

TELUS Stock Down 1.2 %

TSE:T opened at C$22.22 on Tuesday. The firm has a market capitalization of C$32.89 billion, a P/E ratio of 38.31, a PEG ratio of 2.07 and a beta of 0.67. TELUS has a 1-year low of C$21.12 and a 1-year high of C$26.75. The company’s fifty day moving average price is C$22.09 and its 200-day moving average price is C$23.34. The company has a debt-to-equity ratio of 159.88, a current ratio of 0.67 and a quick ratio of 0.52.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be issued a $0.389 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.00%. This is a boost from TELUS’s previous quarterly dividend of $0.38. TELUS’s payout ratio is 258.62%.

About TELUS

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.