Telus Corp. (NYSE:TU) shares hit a new 52-week high on Tuesday . The company traded as high as $34.11 and last traded at $33.90, with a volume of 90,366 shares trading hands. The stock had previously closed at $33.82.

A number of brokerages have recently commented on TU. Zacks Investment Research downgraded Telus Corp. from a “hold” rating to a “sell” rating in a research note on Monday, August 29th. Desjardins upgraded Telus Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Canaccord Genuity restated a “hold” rating on shares of Telus Corp. in a research note on Friday, August 5th. Barclays PLC upped their target price on Telus Corp. from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Finally, TheStreet upgraded Telus Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.67.

The stock has a market cap of $20.10 billion and a price-to-earnings ratio of 18.44. The firm’s 50-day moving average is $33.32 and its 200-day moving average is $31.95.

Telus Corp. (NYSE:TU) last posted its earnings results on Friday, August 5th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.19 billion. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. Analysts expect that Telus Corp. will post $2.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.3505 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Wednesday, September 7th.

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

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