TELUS (T) Reaches New 52-Week High at $48.89
TELUS Co. (TSE:T) (NYSE:TU) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$48.89 and last traded at C$48.72, with a volume of 536976 shares trading hands. The stock had previously closed at C$48.25.
A number of equities research analysts have recently issued reports on the stock. TD Securities reduced their price target on shares of TELUS from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research note on Friday, May 11th. Royal Bank of Canada upped their target price on shares of TELUS from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 31st. Canaccord Genuity upped their target price on shares of TELUS from C$48.00 to C$49.00 in a research note on Tuesday, August 7th. Morgan Stanley raised shares of TELUS from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 30th. Finally, Desjardins upped their target price on shares of TELUS from C$52.00 to C$53.00 in a research note on Tuesday, August 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. TELUS currently has an average rating of “Buy” and a consensus target price of C$51.45.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 10th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, September 7th.
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.
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