TELUS Co. Announces Dividend of $0.35 (TU)
TELUS (NYSE:TU) announced a dividend on Thursday, August 7th, Analyst RN reports. Investors of record on Wednesday, September 10th will be paid a dividend of 0.348 per share on Wednesday, October 1st. The ex-dividend date is Monday, September 8th.
A number of analysts have recently weighed in on TU shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of TELUS from C$40.00 to C$42.00 in a research note on Friday, August 8th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Bank of America downgraded shares of TELUS from a “buy” rating to a “neutral” rating in a research note on Monday, July 7th. Finally, analysts at Global Maxfin Capital initiated coverage on shares of TELUS in a research note on Friday, June 20th. They set a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.00.
Shares of TELUS (NYSE:TU) opened at 36.50 on Tuesday. TELUS has a 52 week low of $31.65 and a 52 week high of $38.76. The stock has a 50-day moving average of $35.39 and a 200-day moving average of $35.89. The company has a market cap of $22.411 billion and a P/E ratio of 17.68.
TELUS (NYSE:TU) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.04. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that TELUS will post $2.41 EPS for the current fiscal year.
TELUS Corporation (NYSE:TU), incorporated on October 26, 1998, is a telecommunications companies, providing a range of telecommunications products and services products including wireless, data, Internet protocol, voice and television.
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