TELUS Co. (T) Hits New 52-Week High at $48.84

TELUS Co. (TSE:T) (NYSE:TU) hit a new 52-week high during trading on Monday . The stock traded as high as C$48.84 and last traded at C$48.47, with a volume of 989750 shares changing hands. The stock had previously closed at C$48.12.

Several brokerages have commented on T. Desjardins upped their target price on shares of TELUS from C$49.50 to C$51.00 in a research note on Monday, November 13th. Canaccord Genuity upped their price target on shares of TELUS from C$50.00 to C$51.00 in a report on Monday, November 13th. National Bank Financial upped their price target on shares of TELUS from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Scotiabank upped their price target on shares of TELUS from C$48.00 to C$50.00 and gave the company a “sector perform” rating in a report on Tuesday, August 8th. Finally, BMO Capital Markets upped their price target on shares of TELUS from C$47.00 to C$49.00 in a report on Monday, November 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. TELUS presently has an average rating of “Buy” and an average target price of C$51.08.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be given a dividend of $0.505 per share. This is a positive change from TELUS’s previous quarterly dividend of $0.49. This represents a $2.02 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Friday, December 8th. TELUS’s dividend 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.

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