TELUS (TSE:T) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

TELUS Co. (TSE:T) (NYSE:TU)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.04 and traded as high as C$22.59. TELUS shares last traded at C$22.55, with a volume of 2,567,023 shares changing hands.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. National Bankshares reduced their target price on shares of 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. TD Securities decreased their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Scotiabank dropped their price objective on shares of TELUS from C$24.25 to C$24.00 in a research note on Tuesday, August 6th. Finally, Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$24.54.

TELUS Trading Up 0.1 %

The stock has a market cap of C$33.40 billion, a PE ratio of 42.58, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The company’s 50-day moving average price is C$22.32 and its 200 day moving average price is C$22.05.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.01. TELUS had a return on equity of 4.67% and a net margin of 3.91%. The firm had revenue of C$4.97 billion during the quarter, compared to the consensus estimate of C$5.04 billion. On average, sell-side analysts forecast that TELUS Co. will post 1.2267985 EPS for the current fiscal year.

TELUS Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a $0.389 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.89%. TELUS’s payout ratio is presently 294.34%.

Insider Activity at TELUS

In other TELUS news, Director Marc Parent acquired 10,530 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of C$22.52 per share, with a total value of C$237,135.60. 0.02% of the stock is currently owned by company insiders.

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.