TELUS Co. (TSE:T) Price Target Raised to C$50.00 at Scotiabank

TELUS Co. (TSE:T) (NYSE:TU) had its price objective increased by Scotiabank from C$48.00 to C$50.00 in a research report report published on Tuesday morning. Scotiabank currently has a sector perform rating on the stock.

T has been the topic of a number of other reports. TD Securities boosted their price objective on shares of TELUS from C$47.00 to C$49.00 and gave the company a hold rating in a report on Friday, May 12th. Morgan Stanley boosted their price objective on shares of TELUS from C$44.00 to C$46.00 in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of TELUS from C$44.00 to C$45.00 and gave the company a sector perform rating in a report on Monday, May 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. TELUS currently has an average rating of Hold and an average price target of C$47.44.

Shares of TELUS (TSE:T) opened at 44.82 on Tuesday. The stock has a market capitalization of $26.49 billion and a P/E ratio of 20.86. TELUS has a 52 week low of $40.97 and a 52 week high of $46.29. The firm’s 50-day moving average price is $45.08 and its 200 day moving average price is $44.47.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be given a dividend of $0.4925 per share. This is an increase from TELUS’s previous quarterly dividend of $0.48. This represents a $1.97 dividend on an annualized basis and a yield of 4.40%.

TELUS Company Profile

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; data services, including Internet protocol; television; hosting, managed information technology, and cloud-based services; healthcare solutions; and business process outsourcing solutions.

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