TELUS Co. (T) Receives C$51.25 Average PT from Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned a consensus rating of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$51.25.

T has been the subject of a number of analyst reports. Scotiabank raised TELUS from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$50.00 to C$54.00 in a report on Wednesday, October 25th. National Bank Financial increased their target price on 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 TELUS from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$47.00 to C$51.00 in a report on Friday, November 10th. TD Securities increased their target price on TELUS from C$49.00 to C$51.00 and gave the company a “hold” rating in a report on Friday, November 10th. Finally, J P Morgan Chase & Co increased their target price on TELUS from C$49.00 to C$53.00 in a report on Monday, November 13th.

TELUS (TSE:T) traded down C$0.60 during midday trading on Thursday, reaching C$48.00. The company had a trading volume of 3,227,179 shares, compared to its average volume of 941,884. TELUS has a 12 month low of C$42.13 and a 12 month high of C$48.94.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be issued a dividend of $0.505 per share. The ex-dividend date is Friday, December 8th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 4.21%. This is a boost from TELUS’s previous quarterly dividend of $0.49. TELUS’s dividend payout ratio is presently 91.31%.

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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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