TELUS (T) Price Target Cut to C$52.00 by Analysts at Citigroup

TELUS (TSE:T) (NYSE:TU) had its price target reduced by Citigroup from C$54.00 to C$52.00 in a report released on Friday, February 9th.

Other equities research analysts also recently issued reports about the company. CIBC boosted their target price on TELUS from C$48.00 to C$50.00 in a research report on Monday, November 13th. Royal Bank of Canada raised TELUS from a sector perform rating to an outperform rating and boosted their price objective for the stock from C$47.00 to C$51.00 in a research note on Friday, November 10th. TD Securities raised TELUS from a hold rating to a buy rating and set a C$53.00 price objective on the stock in a research note on Friday, February 2nd. Barclays upped their target price on TELUS from C$52.00 to C$53.00 in a research note on Monday, November 13th. Finally, JPMorgan Chase & Co. upped their target price on TELUS from C$49.00 to C$53.00 in a research note on Monday, November 13th. Five equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average price target of C$50.92.

TELUS (TSE:T) traded up C$0.37 during midday trading on Friday, reaching C$45.57. The company had a trading volume of 604,043 shares, compared to its average volume of 1,067,157. TELUS has a 12 month low of C$42.22 and a 12 month high of C$48.94. The stock has a market capitalization of $26,700.00, a P/E ratio of 18.45 and a beta of 0.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.505 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.02 annualized dividend and a dividend yield of 4.43%. TELUS’s dividend payout ratio is presently 80.08%.

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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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