TELUS Corporation (NYSE:TU) (TSE:T) had its price target upped by equities researchers at Morgan Stanley from $48.00 to $51.00 in a research report issued to clients and investors on Friday. The brokerage presently has an “equal weight” rating on the Wireless communications provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 34.32% from the stock’s current price.

Several other brokerages have also recently weighed in on TU. Barclays PLC raised their price target on shares of TELUS Corporation from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Royal Bank Of Canada raised shares of TELUS Corporation from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $47.00 to $51.00 in a research report on Friday, November 10th. BidaskClub raised shares of TELUS Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of TELUS Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Scotiabank raised shares of TELUS Corporation from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $46.17.

TELUS Corporation (TU) opened at $37.97 on Friday. TELUS Corporation has a 1 year low of $30.81 and a 1 year high of $38.47. The firm has a market cap of $22,280.00, a PE ratio of 19.08, a P/E/G ratio of 2.29 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.55 and a quick ratio of 0.48.

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A number of large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its stake in TELUS Corporation by 1.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 24,907 shares of the Wireless communications provider’s stock valued at $860,000 after buying an additional 237 shares during the last quarter. Financial Counselors Inc. increased its stake in TELUS Corporation by 3.6% in the 2nd quarter. Financial Counselors Inc. now owns 6,840 shares of the Wireless communications provider’s stock valued at $236,000 after buying an additional 240 shares during the last quarter. Creative Planning increased its stake in TELUS Corporation by 2.9% in the 2nd quarter. Creative Planning now owns 11,796 shares of the Wireless communications provider’s stock valued at $407,000 after buying an additional 333 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its stake in TELUS Corporation by 0.4% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 148,508 shares of the Wireless communications provider’s stock valued at $5,123,000 after buying an additional 605 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in TELUS Corporation by 6.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,114 shares of the Wireless communications provider’s stock valued at $349,000 after buying an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 50.69% of the company’s stock.

About TELUS Corporation

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.

Analyst Recommendations for TELUS Corporation (NYSE:TU)

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