Brokerages Set TELUS Co. (T) Target Price at $51.25

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

Several brokerages have commented on T. TD Securities raised TELUS from a “hold” rating to a “buy” rating and set a C$53.00 target price for the company in a research note on Friday, February 2nd. Citigroup boosted their price target on TELUS from C$52.00 to C$54.00 in a report on Monday, November 13th. BMO Capital Markets boosted their price target on TELUS from C$47.00 to C$49.00 in a report on Monday, November 13th. National Bank Financial boosted their price target on TELUS from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Finally, CIBC boosted their price target on TELUS from C$48.00 to C$50.00 in a report on Monday, November 13th.

TELUS (T) traded down C$0.33 during mid-day trading on Friday, reaching C$45.20. The company had a trading volume of 916,386 shares, compared to its average volume of 936,354. The firm has a market capitalization of $26,890.00, a P/E ratio of 21.28 and a beta of 0.49. TELUS has a fifty-two week low of C$42.22 and a fifty-two week high of C$48.94.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Thursday, November 9th. The company reported C$0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.67 by C($0.01). The business had revenue of C$3.37 billion for the quarter, compared to analyst estimates of C$3.38 billion. TELUS had a return on equity of 17.49% and a net margin of 11.03%.

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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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