TELUS (TSE:T) Reaches New 12-Month High on Analyst Upgrade

TELUS Co. (TSE:T) (NYSE:TU)’s share price reached a new 52-week high on Friday after National Bank Financial raised their price target on the stock from C$54.00 to C$55.00. National Bank Financial currently has an outperform rating on the stock. TELUS traded as high as C$51.33 and last traded at C$51.17, with a volume of 280372 shares traded. The stock had previously closed at C$50.86.

Several other equities research analysts have also commented on T. BMO Capital Markets increased their price objective on shares of TELUS from C$52.00 to C$53.00 in a research note on Friday. TD Securities boosted their target price on TELUS from C$62.00 to C$63.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada boosted their target price on TELUS from C$53.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

The firm has a market cap of $30.07 billion and a PE ratio of 17.75. The company has a debt-to-equity ratio of 159.46, a current ratio of 0.80 and a quick ratio of 0.61. The business’s fifty day moving average is C$48.71 and its 200-day moving average is C$48.49.

TELUS Company Profile (TSE:T)

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 cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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