TELUS Co. (TSE:T) (NYSE:TU) had its price objective increased by Canaccord Genuity from C$50.00 to C$51.00 in a research note published on Monday morning.

Several other analysts have also recently commented on the stock. CIBC lifted their target price on shares of TELUS from C$48.00 to C$50.00 in a research note on Monday. Royal Bank Of Canada raised shares of TELUS from a sector perform rating to an outperform rating and lifted their target price for the stock from C$47.00 to C$51.00 in a research note on Friday. TD Securities lifted their target price on shares of TELUS from C$48.00 to C$49.00 and gave the stock a hold rating in a research note on Monday, August 14th. J P Morgan Chase & Co lifted their target price on shares of TELUS from C$49.00 to C$53.00 in a research note on Monday. Finally, Scotiabank raised shares of TELUS from a sector perform rating to an outperform rating and lifted their target price for the stock from C$50.00 to C$54.00 in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of C$51.08.

Shares of TELUS (TSE:T) traded up C$0.02 on Monday, hitting C$48.49. 894,088 shares of the stock were exchanged, compared to its average volume of 992,642. TELUS has a fifty-two week low of C$40.97 and a fifty-two week high of C$48.77.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be issued a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Friday, December 8th. This is a positive change from TELUS’s previous quarterly dividend of $0.49. TELUS’s dividend payout ratio (DPR) is 89.79%.

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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