TELUS Co. (T) Receives C$50.92 Average Target Price from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$50.92.

T has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of TELUS from C$53.00 to C$50.00 in a report on Monday, February 12th. TD Securities raised shares of TELUS from a “hold” rating to a “buy” rating and set a C$53.00 price target for the company in a report on Friday, February 2nd. Finally, Citigroup reduced their price target on shares of TELUS from C$54.00 to C$52.00 in a report on Friday, February 9th.

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Shares of T stock opened at C$44.31 on Friday. TELUS has a 1 year low of C$42.76 and a 1 year high of C$48.94. The firm has a market cap of $27,740.00, a P/E ratio of 18.01 and a beta of 0.48.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.01). The business had revenue of C$3.47 billion during the quarter, compared to analyst estimates of C$3.43 billion. TELUS had a return on equity of 13.52% and a net margin of 8.29%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be given a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 4.56%. The ex-dividend date is Thursday, March 8th. TELUS’s dividend payout ratio (DPR) is presently 80.08%.

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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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