TELUS (TSE:T) Price Target Lowered to C$50.00 at JPMorgan Chase & Co.

TELUS (TSE:T) (NYSE:TU) had its price target lowered by JPMorgan Chase & Co. from C$53.00 to C$50.00 in a research report report published on Monday, February 12th.

Several other analysts have also recently weighed in on T. Scotiabank raised shares of TELUS from a sector perform rating to an outperform rating and raised their target price for the company from C$50.00 to C$54.00 in a report on Wednesday, October 25th. National Bank Financial raised their target price on shares of TELUS from C$48.00 to C$50.00 and gave the company an outperform rating in a report on Friday, November 10th. Royal Bank of Canada raised shares of TELUS from a sector perform rating to an outperform rating and raised their target price for the company from C$47.00 to C$51.00 in a report on Friday, November 10th. TD Securities raised their target price on shares of TELUS from C$49.00 to C$51.00 and gave the company a hold rating in a report on Friday, November 10th. Finally, Desjardins raised their target price on shares of TELUS from C$49.50 to C$51.00 in a report on Monday, November 13th. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and an average target price of C$50.92.

Shares of TELUS (T) traded down C$0.09 during mid-day trading on Monday, reaching C$45.26. 129,215 shares of the company’s stock traded hands, compared to its average volume of 1,056,269. The stock has a market capitalization of $26,780.00, a price-to-earnings ratio of 18.43 and a beta of 0.49. TELUS has a one year low of C$42.22 and a one year high of C$48.94.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a $0.505 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.02 dividend on an annualized basis and a yield of 4.46%. TELUS’s dividend payout ratio (DPR) is 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.

Analyst Recommendations for TELUS (TSE:T)

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