TD Securities Increases TELUS (T) Price Target to C$53.00
Several other brokerages also recently weighed in on T. Barclays lifted their target price on TELUS from C$52.00 to C$53.00 in a research note on Monday, November 13th. BMO Capital Markets lifted their price target on TELUS from C$47.00 to C$49.00 in a research report on Monday, November 13th. Canaccord Genuity lifted their price target on TELUS from C$50.00 to C$51.00 in a research report on Monday, November 13th. CIBC lifted their price target on TELUS from C$48.00 to C$50.00 in a research report on Monday, November 13th. Finally, Citigroup lifted their price target on TELUS from C$52.00 to C$54.00 in a research report on Monday, November 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. TELUS presently has an average rating of Buy and an average target price of C$51.25.
Shares of TELUS (T) opened at C$47.68 on Monday. TELUS has a 12 month low of C$41.52 and a 12 month high of C$48.94.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a yield of 4.24%. This is a positive change from TELUS’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, December 8th. TELUS’s payout ratio is currently 91.31%.
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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.
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