Royal Bank Of Canada Raises TELUS Co. (T) Price Target to C$46.00

TELUS Co. (TSE:T) (NYSE:TU) had its price objective hoisted by Royal Bank Of Canada from C$45.00 to C$46.00 in a report released on Monday morning. The brokerage currently has a sector perform rating on the stock.

T has been the topic of several other research reports. Scotiabank boosted their target price on TELUS from C$44.00 to C$46.00 and gave the company a sector perform rating in a research report on Wednesday, April 26th. TD Securities boosted their target price on TELUS from C$47.00 to C$49.00 and gave the company a hold rating in a research report on Friday, May 12th. Finally, Morgan Stanley boosted their target price on TELUS from C$44.00 to C$46.00 in a research report on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of C$47.56.

Shares of TELUS (TSE T) opened at 44.91 on Monday. The stock has a market capitalization of $26.54 billion and a P/E ratio of 20.90. TELUS has a 12-month low of $40.97 and a 12-month high of $46.29. The firm’s 50-day moving average is $45.09 and its 200 day moving average is $44.50.

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The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.4925 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.97 annualized dividend and a dividend yield of 4.39%. This is an increase from TELUS’s previous quarterly dividend of $0.48.


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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