TELUS Co. (TSE:T - Get Free Report) (NYSE:TU) Director Marc Parent purchased 19,100 shares of the stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of C$22.04 per share, with a total value of C$420,964.00.
TELUS Stock Performance
Shares of TELUS stock opened at C$20.97 on Friday. The company has a 50 day moving average price of C$21.93 and a 200 day moving average price of C$21.97. The firm has a market capitalization of C$31.04 billion, a P/E ratio of 39.57, 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 Co. has a 52 week low of C$20.04 and a 52 week high of C$25.07.
TELUS Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a $0.402 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.67%. This is a boost from TELUS's previous quarterly dividend of $0.39. TELUS's dividend payout ratio (DPR) is currently 294.34%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on T. Barclays reduced their price objective on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. TD Securities decreased their price objective on TELUS from C$26.00 to C$25.00 and set a "buy" rating for the company in a research note on Tuesday, December 3rd. Cormark dropped their price objective on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. Scotiabank reduced their target price on shares of TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th. Finally, BMO Capital Markets raised their price target on shares of TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$24.40.
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About TELUS
(
Get Free Report)
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.
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