TELUS (T) Stock Rating Upgraded by TD Securities

TELUS (TSE:T) (NYSE:TU) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Friday. The brokerage presently has a C$53.00 price objective on the stock. TD Securities’ price target suggests a potential upside of 16.20% from the company’s current price.

A number of other brokerages have also recently issued reports on T. Barclays boosted their target price on shares of TELUS from C$52.00 to C$53.00 in a research report on Monday, November 13th. BMO Capital Markets boosted their target price on shares of TELUS from C$47.00 to C$49.00 in a research report on Monday, November 13th. Canaccord Genuity boosted their target price on shares of TELUS from C$50.00 to C$51.00 in a research report on Monday, November 13th. CIBC boosted their target price on shares of TELUS from C$48.00 to C$50.00 in a research report on Monday, November 13th. Finally, Citigroup boosted their target price on shares of TELUS from C$52.00 to C$54.00 in a research report on Monday, November 13th. Five equities research analysts have rated the stock with a buy rating, TELUS presently has a consensus rating of “Buy” and an average price target of C$51.25.

TELUS (TSE:T) traded up C$0.11 during mid-day trading on Friday, reaching C$45.61. 554,800 shares of the company’s stock were exchanged, compared to its average volume of 900,762. TELUS has a 1 year low of C$42.22 and a 1 year high of C$48.94. The company has a market capitalization of $26,870.00, a PE ratio of 21.42 and a beta of 0.56.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Thursday, November 9th. The company reported C$0.66 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.67 by C($0.01). TELUS had a return on equity of 17.49% and a net margin of 11.03%.

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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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