TELUS (TSE:T) Given New C$20.00 Price Target at Barclays

TELUS (TSE:T) (NYSE:TU) had its target price lowered by Barclays from C$23.00 to C$20.00 in a report released on Thursday,BayStreet.CA reports.

Several other brokerages have also commented on T. TD Securities dropped 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 Tuesday, December 3rd. Royal Bank of Canada lowered their target price on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. CIBC lowered their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, National Bankshares cut their price objective on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Friday, January 3rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$22.90.

TELUS Stock Up 0.9 %

TSE:T opened at C$21.02 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58. The stock has a 50 day moving average of C$20.57 and a 200-day moving average of C$21.57. The firm has a market capitalization of C$31.11 billion, a PE ratio of 39.66, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. TELUS has a 52 week low of C$19.10 and a 52 week high of C$24.47.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, November 8th. The company reported C$0.28 EPS for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.05. TELUS had a return on equity of 4.67% and a net margin of 3.91%. During the same quarter in the prior year, the company posted $0.25 earnings per share. Analysts predict that TELUS will post 1.2267985 EPS for the current year.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were given a $0.402 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a yield of 7.65%. TELUS’s payout ratio is 294.34%.

Insider Activity

In other news, Director Victor George Dodig bought 100,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent purchased 19,100 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average price of C$22.04 per share, for a total transaction of C$420,964.00. Insiders own 0.02% of the company’s stock.

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.