TELUS Co. (T) Price Target Increased to C$51.00 by Analysts at Desjardins
A number of other equities research analysts also recently issued reports on the company. J P Morgan Chase & Co increased their price target on TELUS from C$49.00 to C$53.00 in a research report on Monday. TD Securities increased their price target on TELUS from C$49.00 to C$51.00 and gave the stock a hold rating in a research report on Friday, November 10th. Royal Bank Of Canada upgraded TELUS from a sector perform rating to an outperform rating and upped their target price for the stock from C$47.00 to C$51.00 in a research note on Friday, November 10th. National Bank Financial upped their target price on TELUS from C$48.00 to C$50.00 and gave the stock an outperform rating in a research note on Friday, November 10th. Finally, Scotiabank upgraded TELUS from a sector perform rating to an outperform rating and upped their target price for the stock from C$50.00 to C$54.00 in a research note on Wednesday, October 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. TELUS currently has a consensus rating of Buy and a consensus price target of C$51.08.
Shares of TELUS (TSE T) opened at C$48.12 on Monday. TELUS has a 12-month low of C$41.52 and a 12-month high of C$48.77.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be paid a dividend of $0.505 per share. The ex-dividend date is Friday, December 8th. This is a boost from TELUS’s previous quarterly dividend of $0.49. This represents a $2.02 annualized dividend and a yield of 4.20%. TELUS’s dividend payout ratio is presently 91.31%.
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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