Scotiabank Trims TELUS (TSE:T) Target Price to C$24.25

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by Scotiabank from C$26.00 to C$24.25 in a research note released on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

T has been the topic of several other reports. CIBC decreased their price target on shares of TELUS from C$28.00 to C$26.00 in a research note on Thursday, April 4th. JPMorgan Chase & Co. cut their price objective on shares of TELUS from C$27.00 to C$24.00 in a report on Wednesday, April 3rd. BMO Capital Markets cut their price objective on shares of TELUS from C$26.00 to C$24.00 in a report on Tuesday, April 2nd. Desjardins increased their price objective on shares of TELUS from C$27.00 to C$28.00 and gave the company a buy rating in a report on Friday, January 26th. Finally, Veritas Investment Research lowered shares of TELUS from a buy rating to a reduce rating and set a C$27.00 price objective on the stock. in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TELUS has a consensus rating of Moderate Buy and an average target price of C$26.45.

TELUS Price Performance

T opened at C$21.87 on Wednesday. TELUS has a one year low of C$21.12 and a one year high of C$28.95. The company has a debt-to-equity ratio of 159.88, a current ratio of 0.67 and a quick ratio of 0.52. The company’s 50 day simple moving average is C$22.72 and its 200-day simple moving average is C$23.40. The stock has a market capitalization of C$32.37 billion, a P/E ratio of 37.71, a price-to-earnings-growth ratio of 2.07 and a beta of 0.68.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Friday, February 9th. The company reported C$0.24 EPS for the quarter, beating the consensus estimate of C$0.23 by C$0.01. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The business had revenue of C$5.20 billion for the quarter, compared to analysts’ expectations of C$5.24 billion. Sell-side analysts anticipate that TELUS will post 0.999543 earnings per share for the current fiscal year.

TELUS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were issued a $0.376 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.50 annualized dividend and a yield of 6.88%. TELUS’s dividend payout ratio (DPR) is presently 258.62%.

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.