Marc Parent Buys 19,100 Shares of TELUS Co. (TSE:T) Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Marc Parent bought 19,100 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average cost of C$22.04 per share, for a total transaction of C$420,964.00.

TELUS Stock Down 1.1 %

T stock opened at C$20.73 on Friday. TELUS Co. has a one year low of C$20.04 and a one year high of C$25.07. 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 firm’s fifty day moving average is C$21.89 and its 200 day moving average is C$21.96. The firm has a market cap of C$30.68 billion, a PE ratio of 39.11, a P/E/G ratio of 1.65 and a beta of 0.72.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.402 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.76%. TELUS’s dividend payout ratio (DPR) is 294.34%.

Wall Street Analyst Weigh In

T has been the topic of a number of research analyst reports. National Bankshares lowered shares of TELUS from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$24.00 to C$22.00 in a report on Friday. Cormark cut their price objective on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Barclays reduced their price objective on TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Scotiabank cut their price target on shares of TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th. Finally, BMO Capital Markets lifted their price objective on shares of TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. One research 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. According to MarketBeat.com, TELUS currently has a consensus rating of “Moderate Buy” and an average target price of C$24.31.

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.