TELUS (TSE:T) Given New C$21.00 Price Target at National Bankshares

TELUS (TSE:T) (NYSE:TU) had its price objective reduced by National Bankshares from C$22.00 to C$21.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. National Bank Financial cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Royal Bank of Canada dropped their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a research report on Thursday. Scotiabank lowered their target price on TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th. Finally, TD Securities lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$24.06.

TELUS Stock Performance

Shares of TSE T opened at C$19.91 on Friday. The firm’s 50-day moving average price is C$21.13 and its 200-day moving average price is C$21.68. TELUS has a 52-week low of C$19.10 and a 52-week high of C$24.92. The company has a market cap of C$29.47 billion, a PE ratio of 37.57, a PEG ratio of 1.65 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were issued a $0.402 dividend. This represents a $1.61 annualized dividend and a dividend yield of 8.08%. The ex-dividend date was Wednesday, December 11th. This is an increase from TELUS’s previous quarterly dividend of $0.39. TELUS’s payout ratio is 294.34%.

Insider Activity at TELUS

In other TELUS news, Director Victor George Dodig bought 100,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price 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 TELUS stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average price of C$22.04 per share, for a total transaction of C$420,964.00. 0.02% of the stock is owned by corporate insiders.

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.