Victor George Dodig Purchases 100,000 Shares of TELUS Co. (TSE:T) Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Victor George Dodig bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00.

TELUS Trading Up 0.1 %

T opened at C$21.65 on Wednesday. The stock has a market cap of C$32.04 billion, a price-to-earnings ratio of 40.85, a P/E/G ratio of 1.65 and a beta of 0.72. The stock’s 50 day moving average price is C$22.26 and its 200-day moving average price is C$22.04. TELUS Co. has a one year low of C$20.04 and a one year high of C$25.94. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66.

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 paid a dividend of $0.402 per share. This is a boost from TELUS’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.43%. TELUS’s dividend payout ratio is currently 294.34%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on T. BMO Capital Markets boosted their target price on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Barclays decreased their price objective on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. CIBC decreased their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Canaccord Genuity Group downgraded TELUS from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their price objective on TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, TELUS currently has a consensus rating of “Moderate Buy” and an average target price of C$24.46.

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.