TD Securities upgraded shares of TELUS (TSE:T) (NYSE:TU) from a hold rating to a buy rating in a research note issued to investors on Friday, February 2nd. They currently have C$53.00 price target on the stock.
A number of other equities analysts also recently weighed in on the stock. Scotiabank raised shares of TELUS from a sector perform rating to an outperform rating and upped their price target for the stock from C$50.00 to C$54.00 in a research note on Wednesday, October 25th. Royal Bank of Canada raised shares of TELUS from a sector perform rating to an outperform rating and upped their price target for the stock from C$47.00 to C$51.00 in a research note on Friday, November 10th. Barclays upped their price target on shares of TELUS from C$52.00 to C$53.00 in a research note on Monday, November 13th. Canaccord Genuity upped their price target on shares of TELUS from C$50.00 to C$51.00 in a research note on Monday, November 13th. Finally, Desjardins upped their price objective on shares of TELUS from C$49.50 to C$51.00 in a report on Monday, November 13th. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average price target of C$50.92.
TELUS (TSE T) opened at C$45.25 on Friday. TELUS has a one year low of C$42.22 and a one year high of C$48.94. The firm has a market cap of $26,730.00, a price-to-earnings ratio of 18.39 and a beta of 0.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be issued a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Thursday, March 8th. TELUS’s dividend payout ratio is presently 80.08%.
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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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