Citigroup Lowers TELUS (T) Price Target to C$52.00
TELUS (TSE:T) (NYSE:TU) had its price target reduced by equities research analysts at Citigroup from C$54.00 to C$52.00 in a report issued on Friday. Citigroup’s price target points to a potential upside of 17.22% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. Scotiabank upgraded TELUS from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$50.00 to C$54.00 in a report on Wednesday, October 25th. Canaccord Genuity lifted their price target on TELUS from C$50.00 to C$51.00 in a report on Monday, November 13th. CIBC lifted their price target on TELUS from C$48.00 to C$50.00 in a report on Monday, November 13th. Royal Bank of Canada upgraded TELUS from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$47.00 to C$51.00 in a report on Friday, November 10th. Finally, TD Securities upgraded TELUS from a “hold” rating to a “buy” rating and set a C$53.00 price target for the company in a report on Friday, February 2nd. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$51.17.
TELUS (TSE T) traded down C$0.64 during trading hours on Friday, hitting C$44.36. The company had a trading volume of 1,048,472 shares, compared to its average volume of 982,758. The firm has a market capitalization of $26,750.00, a P/E ratio of 20.80 and a beta of 0.49. TELUS has a twelve month low of C$42.22 and a twelve month high of C$48.94.
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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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