TELUS (TSE:T) Price Target Cut to C$49.00

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TELUS (TSE:T) (NYSE:TU) had its price objective reduced by JPMorgan Chase & Co. from C$51.00 to C$49.00 in a report published on Monday morning, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. TD Securities dropped their price target on shares of Total Energy Services from C$11.50 to C$10.00 and set a hold rating on the stock in a research note on Friday, May 10th. Royal Bank of Canada reiterated a hold rating on shares of Rogers Communications in a research note on Tuesday, April 9th. Canaccord Genuity lifted their price target on shares of TELUS from C$51.00 to C$52.00 in a research note on Wednesday, May 1st. Finally, Morgan Stanley lifted their target price on shares of TELUS from C$53.00 to C$55.00 in a research note on Thursday, March 14th.

Shares of TELUS stock traded up C$0.31 on Monday, hitting C$49.09. 420,709 shares of the company’s stock were exchanged, compared to its average volume of 1,100,938. The firm has a 50-day moving average of C$49.31. The company has a market capitalization of $29.32 billion and a PE ratio of 18.16. TELUS has a 1 year low of C$43.88 and a 1 year high of C$51.22. The company has a debt-to-equity ratio of 157.70, a current ratio of 0.77 and a quick ratio of 0.58.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.74 by C$0.01. The business had revenue of C$3.51 billion for the quarter, compared to analysts’ expectations of C$3.53 billion. Equities research analysts predict that TELUS will post 3.1700001 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 10th were paid a dividend of $0.563 per share. This is a boost from TELUS’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, June 7th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 4.59%. TELUS’s payout ratio is 79.26%.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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