TELUS Co. (T) Upgraded by Royal Bank of Canada to “Outperform”
Royal Bank of Canada upgraded shares of TELUS Co. (TSE:T) (NYSE:TU) from a sector perform rating to an outperform rating in a research note published on Friday morning. Royal Bank of Canada currently has C$51.00 price objective on the stock, up from their previous price objective of C$47.00.
Several other equities research analysts also recently commented on the company. Scotiabank upgraded TELUS from a sector perform rating to an outperform rating and lifted their price objective for the stock from C$50.00 to C$54.00 in a report on Wednesday, October 25th. TD Securities boosted their price target on TELUS from C$48.00 to C$49.00 and gave the company a hold rating in a research note on Monday, August 14th. Finally, National Bank Financial boosted their price target on TELUS from C$48.00 to C$50.00 and gave the company an outperform rating in a research note on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. TELUS currently has a consensus rating of Buy and a consensus target price of C$49.22.
TELUS (TSE:T) traded up C$0.95 on Friday, hitting C$48.47. The stock had a trading volume of 1,979,150 shares, compared to its average volume of 993,097. TELUS has a 12-month low of C$40.97 and a 12-month 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. Investors of record on Monday, December 11th will be issued a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a 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 is presently 89.79%.
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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