National Bankshares Cuts TELUS (TSE:T) Price Target to C$21.00

TELUS (TSE:T) (NYSE:TU) had its price target reduced by National Bankshares from C$22.00 to C$21.00 in a research note released on Friday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the company. BMO Capital Markets increased their price objective on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. Scotiabank reduced their price target on TELUS from C$24.00 to C$23.25 in a research report on Tuesday, November 26th. TD Securities lowered their price objective on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. cut their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, National Bank Financial downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$24.06.

TELUS Trading Up 1.4 %

Shares of TELUS stock opened at C$19.91 on Friday. The firm’s 50 day moving average is C$21.13 and its 200 day moving average is C$21.68. The firm has a market capitalization of C$29.47 billion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. TELUS has a 1 year low of C$19.10 and a 1 year high of C$24.92. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were paid a $0.402 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.39. This represents a $1.61 annualized dividend and a yield of 8.08%. TELUS’s dividend payout ratio is currently 294.34%.

Insider Buying and Selling

In other TELUS news, Director Victor George Dodig acquired 100,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent bought 19,100 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were bought at an average price of C$22.04 per share, with a total value of C$420,964.00. 0.02% of the stock is owned by company insiders.

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.