TELUS Co. (TSE:T - Get Free Report) NYSE: TU announced a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Shareholders of record on Wednesday, December 11th will be given a dividend of 0.402 per share on Thursday, January 2nd. This represents a $1.61 annualized dividend and a yield of 7.37%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a positive change from TELUS's previous quarterly dividend of $0.39.
Shares of T traded up C$0.79 during midday trading on Friday, hitting C$21.81. 6,629,800 shares of the stock traded hands, compared to its average volume of 3,323,421. TELUS has a 1-year low of C$20.04 and a 1-year high of C$25.94. The firm has a market capitalization of C$32.28 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The business's 50 day moving average price is C$22.31 and its two-hundred day moving average price is C$22.06.
T has been the topic of several recent analyst reports. TD Securities cut their price objective on TELUS from C$26.00 to C$25.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Scotiabank upgraded TELUS from a "sector perform" rating to an "outperform" rating in a report on Monday, October 28th. Canaccord Genuity Group downgraded TELUS from a "buy" rating to a "hold" rating and dropped their target price for the company from C$23.00 to C$21.50 in a report on Tuesday, August 6th. CIBC dropped their target price on TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a report on Tuesday, August 6th. Finally, Royal Bank of Canada dropped their target price on TELUS from C$26.00 to C$25.00 and set an "outperform" rating on the stock in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, TELUS has a consensus rating of "Moderate Buy" and an average target price of C$24.54.
Check Out Our Latest Research Report on TELUS
In other TELUS news, Director Marc Parent purchased 10,530 shares of the company's stock in a transaction dated Monday, August 12th. The shares were bought at an average price of C$22.52 per share, with a total value of C$237,135.60. Company insiders own 0.02% of the company's stock.
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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