TELUS (TSE:T) Lowered to Sector Perform at Scotiabank

Scotiabank cut shares of TELUS (TSE:T) (NYSE:TU) from an outperform rating to a sector perform rating in a report issued on Monday morning, BayStreet.CA reports. They currently have C$26.00 price objective on the stock, down from their previous price objective of C$28.00.

A number of other equities analysts also recently commented on T. Veritas Investment Research downgraded TELUS from a buy rating to a reduce rating and set a C$27.00 price objective for the company. in a research report on Friday, January 26th. Royal Bank of Canada boosted their price objective on TELUS from C$29.00 to C$30.00 and gave the stock an outperform rating in a research report on Tuesday, January 9th. Desjardins boosted their target price on TELUS from C$27.00 to C$28.00 and gave the stock a buy rating in a research note on Friday, January 26th. National Bankshares decreased their target price on TELUS from C$27.00 to C$26.00 and set an outperform rating for the company in a research note on Monday. Finally, BMO Capital Markets decreased their target price on TELUS from C$27.00 to C$26.00 and set an outperform rating for the company in a research note on Monday, February 12th. One investment 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’s stock. According to data from MarketBeat.com, TELUS has an average rating of Moderate Buy and an average price target of C$27.36.

TELUS Stock Up 1.2 %

Shares of TSE:T opened at C$21.59 on Monday. The business has a 50-day moving average price of C$23.56 and a 200 day moving average price of C$23.52. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 159.88. The company has a market capitalization of C$31.95 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.07 and a beta of 0.70. TELUS has a 12-month low of C$21.16 and a 12-month high of C$28.95.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, February 9th. The company reported C$0.24 earnings per share for the quarter, beating the consensus estimate of C$0.23 by C$0.01. The company had revenue of C$5.20 billion during the quarter, compared to the consensus estimate of C$5.24 billion. TELUS had a return on equity of 4.96% and a net margin of 4.20%. Sell-side analysts expect that TELUS will post 1 EPS for the current year.

TELUS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be issued a $0.376 dividend. This represents a $1.50 annualized dividend and a yield of 6.97%. The ex-dividend date of this dividend is Friday, March 8th. TELUS’s dividend payout ratio (DPR) is 263.16%.

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.