Citigroup Lowers TELUS (T) Price Target to C$52.00
Several other equities analysts also recently weighed in on T. Scotiabank raised TELUS from a sector perform rating to an outperform rating and raised their price objective for the company from C$50.00 to C$54.00 in a research note 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 upgraded 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, JPMorgan Chase & Co. increased their target price on TELUS from C$49.00 to C$53.00 in a report on Monday, November 13th. Five equities research analysts have rated the stock with a buy rating, TELUS has an average rating of Buy and a consensus target price of C$51.17.
TELUS (TSE T) opened at C$44.90 on Friday. TELUS has a one year low of C$42.22 and a one year high of C$48.94. The firm has a market capitalization of $26,520.00, a P/E ratio of 21.08 and a beta of 0.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Thursday, March 8th. TELUS’s dividend payout ratio (DPR) is 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.
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