TELUS (TSE:T) Price Target Cut to C$24.25 by Analysts at Scotiabank

TELUS (TSE:T) (NYSE:TU) had its target price reduced by Scotiabank from C$26.00 to C$24.25 in a report released on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts have also recently commented on T. 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 for the company in a research note on Wednesday, April 10th. BMO Capital Markets decreased their price objective on shares of TELUS from C$26.00 to C$24.00 in a research note on Tuesday, April 2nd. Desjardins lifted their price objective on shares of TELUS from C$27.00 to C$28.00 and gave the company a buy rating in a research note 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 research note on Wednesday, April 3rd. Finally, Barclays decreased their target price on shares of TELUS from C$25.00 to C$24.00 in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of C$26.45.

TELUS Stock Up 0.0 %

Shares of TELUS stock opened at C$21.69 on Wednesday. The firm’s 50 day moving average price is C$22.78 and its 200-day moving average price is C$23.41. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 159.88. TELUS has a 52-week low of C$21.12 and a 52-week high of C$28.95. The company has a market cap of C$32.10 billion, a P/E ratio of 37.40, a PEG ratio of 2.07 and a beta of 0.68.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, February 9th. The company reported C$0.24 EPS for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.01. The company had revenue of C$5.20 billion during the quarter, compared to analysts’ expectations of C$5.24 billion. TELUS had a net margin of 4.20% and a return on equity of 4.96%. On average, sell-side analysts predict that TELUS will post 0.999543 EPS for the current fiscal year.

TELUS Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were issued a dividend of $0.376 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend was Friday, March 8th. 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.