TD Securities Increases TELUS (T) Price Target to C$54.00

TELUS (TSE:T) (NYSE:TU) had its price objective lifted by TD Securities from C$53.00 to C$54.00 in a research note issued to investors on Friday morning. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the company. Barclays boosted their price target on TELUS from C$52.00 to C$53.00 in a report on Monday, November 13th. BMO Capital Markets boosted their price target on TELUS from C$47.00 to C$49.00 in a report on Monday, November 13th. Canaccord Genuity boosted their price target on TELUS from C$50.00 to C$51.00 in a report on Monday, November 13th. CIBC boosted their price target on TELUS from C$48.00 to C$50.00 in a report on Monday, November 13th. Finally, Citigroup boosted their price target on TELUS from C$52.00 to C$54.00 in a report on Monday, November 13th. Five research analysts have rated the stock with a buy rating, TELUS currently has a consensus rating of Buy and an average price target of C$51.17.

TELUS (TSE:T) opened at C$44.90 on Friday. TELUS has a 12-month low of C$42.22 and a 12-month high of C$48.94. The stock has a market capitalization of $26,520.00, a P/E ratio of 21.08 and a beta of 0.49.

TELUS (TSE:T) (NYSE:TU) last announced its earnings results on Thursday, November 9th. The company reported C$0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.67 by C($0.01). TELUS had a net margin of 11.03% and a return on equity of 17.49%. The business had revenue of C$3.37 billion for the quarter, compared to analysts’ expectations of C$3.38 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Thursday, March 8th. TELUS’s dividend payout ratio (DPR) 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.

Analyst Recommendations for TELUS (TSE:T)

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