Brokerages Set TELUS Co. (T) PT at $51.60
Shares of TELUS Co. (TSE:T) (NYSE:TU) have received an average rating of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$51.60.
A number of equities research analysts have issued reports on the stock. TD Securities decreased their target price on shares of TELUS from C$55.00 to C$54.00 and set a “buy” rating for the company in a research note on Tuesday, August 7th. Canaccord Genuity raised their price target on shares of TELUS from C$48.00 to C$49.00 in a report on Tuesday, August 7th. Desjardins raised their price target on shares of TELUS from C$52.00 to C$53.00 in a report on Tuesday, August 7th. Royal Bank of Canada raised their price target on shares of TELUS from C$52.00 to C$53.00 and gave the company an “outperform” rating in a report on Tuesday, July 31st. Finally, National Bank Financial raised their price target on shares of TELUS from C$50.00 to C$51.00 and gave the company an “outperform” rating in a report on Wednesday, July 11th.
TELUS stock traded down C$0.23 during midday trading on Monday, reaching C$48.35. The stock had a trading volume of 759,600 shares, compared to its average volume of 931,814. TELUS has a twelve month low of C$43.30 and a twelve month high of C$49.15.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Monday, September 10th will be given a $0.525 dividend. The ex-dividend date is Friday, September 7th. This represents a $2.10 annualized dividend and a yield of 4.34%.
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.
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