Telus (T) Price Target Raised to C$52.00

Telus (TSE:T) (NYSE:TU) had its price target raised by Royal Bank of Canada from C$51.00 to C$52.00 in a research note issued to investors on Tuesday.

A number of other equities analysts also recently commented on the company. Citigroup dropped their price objective on Telus from C$54.00 to C$52.00 in a report on Friday, February 9th. JPMorgan Chase dropped their price objective on Telus from C$53.00 to C$50.00 in a report on Monday, February 12th. Finally, TD Securities increased their price objective on Telus from C$53.00 to C$54.00 and gave the stock a buy rating in a report on Friday, February 9th.

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Shares of T opened at C$44.45 on Tuesday. Telus has a fifty-two week low of C$43.30 and a fifty-two week high of C$48.94.

Telus (TSE:T) (NYSE:TU) last issued its earnings results on Thursday, February 8th. The company reported C$0.55 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.01). The business had revenue of C$3.47 billion during the quarter, compared to analyst estimates of C$3.43 billion. Telus had a net margin of 8.29% and a return on equity of 13.52%.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 9th were issued a $0.505 dividend. The ex-dividend date was Thursday, March 8th. This represents a $2.02 dividend on an annualized basis and a yield of 4.54%.

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Telus Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

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