TD Securities Raises TELUS (T) Price Target to C$53.00

TELUS (TSE:T) (NYSE:TU) had its price objective lifted by TD Securities from C$51.00 to C$53.00 in a report published on Monday, November 27th.

A number of other analysts have also recently weighed in on the stock. Scotiabank raised their price objective on shares of TELUS from C$48.00 to C$50.00 and gave the stock a sector perform rating in a report on Tuesday, August 8th. Royal Bank of Canada raised their price objective on shares of TELUS from C$45.00 to C$46.00 and gave the stock a sector perform rating in a report on Monday, August 14th. National Bank Financial raised their price objective on shares of TELUS from C$48.00 to C$50.00 and gave the stock an outperform rating in a report on Friday, November 10th. J P Morgan Chase & Co raised their target price on shares of TELUS from C$49.00 to C$53.00 in a research report on Monday, November 13th. Finally, Desjardins raised their target price on shares of TELUS from C$49.50 to C$51.00 in a research report on Monday, November 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$51.25.

Shares of TELUS (TSE T) traded up C$0.18 on Monday, hitting C$48.60. 787,137 shares of the stock traded hands, compared to its average volume of 979,212. TELUS has a 1-year low of C$42.13 and a 1-year high of C$48.94.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be paid a $0.505 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, December 8th. This represents a $2.02 annualized dividend and a yield of 4.16%. TELUS’s payout ratio is presently 91.31%.

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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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