TELUS (TSE:T) PT Raised to C$53.00

TELUS (TSE:T) (NYSE:TU) had its price objective raised by TD Securities from C$51.00 to C$53.00 in a research note published on Monday, November 27th.

A number of other equities research analysts also recently issued reports on T. CIBC boosted their price objective on shares of TELUS from C$48.00 to C$50.00 in a research report on Monday, November 13th. Royal Bank of Canada upgraded shares of TELUS from a sector perform rating to an outperform rating and lifted their target price for the company from C$47.00 to C$51.00 in a research note on Friday, November 10th. Barclays lifted their target price on shares of TELUS from C$52.00 to C$53.00 in a research note on Monday, November 13th. J P Morgan Chase & Co boosted their price target on shares of TELUS from C$49.00 to C$53.00 in a research note on Monday, November 13th. Finally, Scotiabank upgraded shares of TELUS from a sector perform rating to an outperform rating and upped their target price for the company from C$50.00 to C$54.00 in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of C$51.25.

TELUS (T) traded down C$0.62 during mid-day trading on Monday, hitting C$47.98. 1,048,697 shares of the stock traded hands, compared to its average volume of 979,500. TELUS has a 1 year low of C$42.13 and a 1 year high of C$48.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be issued a $0.505 dividend. The ex-dividend date of this dividend 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 payout ratio is 91.31%.

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About TELUS

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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