Barclays Cuts TELUS (TSE:T) Price Target to C$20.00

TELUS (TSE:T) (NYSE:TU) had its target price reduced by Barclays from C$23.00 to C$20.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. TD Securities decreased their target price on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Cormark dropped their target price on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. National Bankshares decreased their price target on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a research note on Thursday, January 2nd. Finally, CIBC reduced their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$22.90.

TELUS Stock Performance

Shares of T opened at C$21.02 on Thursday. 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 has a 12 month low of C$19.10 and a 12 month high of C$24.47. The company’s fifty day moving average is C$20.57 and its 200-day moving average is C$21.57. The firm has a market cap of C$31.11 billion, a price-to-earnings ratio of 39.66, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, November 8th. The company reported C$0.28 earnings per share for the quarter, beating the consensus estimate 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 last year, the company earned $0.25 EPS. Equities analysts expect that TELUS will post 1.2267985 EPS for the current fiscal year.

TELUS Increases Dividend

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

Insider Transactions at TELUS

In related news, Director Marc Parent bought 19,100 shares of the business’s stock in a transaction that occurred on 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. Also, Director Victor George Dodig purchased 100,000 shares of the stock in a transaction on Thursday, November 14th. The stock was bought at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. 0.02% of the stock is owned by 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.