TELUS Co. (T) Receives C$51.25 Average PT from Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been given an average rating of “Buy” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$51.25.

Several equities analysts recently issued reports on T shares. Scotiabank upgraded TELUS from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$50.00 to C$54.00 in a research note on Wednesday, October 25th. TD Securities boosted their price target on TELUS from C$51.00 to C$53.00 in a research note on Monday, November 27th. Royal Bank of Canada upgraded TELUS from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$47.00 to C$51.00 in a research note on Friday, November 10th. Barclays boosted their price target on TELUS from C$52.00 to C$53.00 in a research note on Monday, November 13th. Finally, Canaccord Genuity boosted their price target on TELUS from C$50.00 to C$51.00 in a research note on Monday, November 13th.

TELUS (T) traded up C$0.03 during trading on Monday, hitting C$46.58. The stock had a trading volume of 1,118,280 shares, compared to its average volume of 785,254. The company has a market capitalization of $27,680.00, a price-to-earnings ratio of 21.87 and a beta of 0.56. TELUS has a twelve month low of C$42.22 and a twelve month high of C$48.94.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were paid a $0.505 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.49. This represents a $2.02 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Friday, December 8th. TELUS’s dividend payout ratio is currently 91.31%.

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About TELUS

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 (TSE:T)

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