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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