Brokerages Set TELUS Co. (T) Target Price at $47.88
TELUS Co. (TSE:T) (NYSE:TU) has earned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$47.88.
Several research firms recently issued reports on T. TD Securities increased their price target on shares of TELUS from C$48.00 to C$49.00 and gave the stock a “hold” rating in a report on Monday, August 14th. Royal Bank Of Canada increased their price target on shares of TELUS from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Monday, August 14th. Finally, Scotiabank increased their price target on shares of TELUS from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 8th.
TELUS (T) traded down 0.24% during trading on Friday, hitting $44.82. The company’s stock had a trading volume of 589,591 shares. TELUS has a one year low of $40.97 and a one year high of $46.29. The firm has a market cap of $26.62 billion and a PE ratio of 21.46. The company has a 50-day moving average of $44.58 and a 200 day moving average of $44.82.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were given a $0.4925 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This is a positive change from TELUS’s previous quarterly dividend of $0.48. This represents a $1.97 annualized dividend and a dividend yield of 4.40%.
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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