TELUS Co. (TSE:T) (NYSE:TU) had its price target increased by Citigroup Inc. from C$52.00 to C$54.00 in a report issued on Monday.

Several other research firms have also issued reports on T. National Bank Financial raised their price objective on TELUS from C$48.00 to C$50.00 and gave the company an outperform rating in a research note on Friday. TD Securities raised their price objective on TELUS from C$49.00 to C$51.00 and gave the company a hold rating in a research note on Friday. Royal Bank Of Canada raised TELUS from a sector perform rating to an outperform rating and raised their price objective for the company from C$47.00 to C$51.00 in a research note on Friday. Desjardins raised their price objective on TELUS from C$49.50 to C$51.00 in a research note on Monday. Finally, J P Morgan Chase & Co raised their price objective on TELUS from C$49.00 to C$53.00 in a research note on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of C$51.08.

Shares of TELUS (TSE:T) traded up C$0.02 during trading on Monday, reaching C$48.49. The company had a trading volume of 894,088 shares, compared to its average volume of 992,642. TELUS has a 52 week low of C$40.97 and a 52 week high of C$48.77.

WARNING: This story was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.dailypolitical.com/2017/11/14/telus-co-t-given-new-c54-00-price-target-at-citigroup-inc.html.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 4.17%. This is an increase from TELUS’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, December 8th. TELUS’s dividend payout ratio is presently 89.79%.

TELUS Company Profile

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 (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

Analyst Recommendations for TELUS (TSE:T)

Receive News & Ratings for TELUS Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS Co. and related companies with MarketBeat.com's FREE daily email newsletter.