TELUS Co. (TSE:T) PT Raised to C$50.00 at Scotiabank
TELUS Co. (TSE:T) (NYSE:TU) had its price target raised by equities researchers at Scotiabank from C$48.00 to C$50.00 in a research report issued on Tuesday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 9.24% from the company’s current price.
T has been the topic of several other research reports. Royal Bank Of Canada increased their price objective on TELUS from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Monday, May 15th. Morgan Stanley increased their price objective on TELUS from C$44.00 to C$46.00 in a research note on Wednesday, May 17th. Finally, TD Securities increased their price objective on TELUS from C$47.00 to C$49.00 and gave the stock a “hold” rating in a research note on Friday, May 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$47.44.
Shares of TELUS (TSE:T) opened at 45.77 on Tuesday. TELUS has a 12 month low of $40.97 and a 12 month high of $46.29. The company has a market capitalization of $27.05 billion and a price-to-earnings ratio of 21.30. The stock has a 50 day moving average price of $44.95 and a 200-day moving average price of $44.38.
TELUS Company Profile
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The companys telecommunications products and services comprise wireless and wireline voice and data; data services, including Internet protocol; television; hosting, managed information technology, and cloud-based services; healthcare solutions; and business process outsourcing solutions.
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