TELUS (T) Price Target Increased to C$53.00 by Analysts at Morgan Stanley

TELUS (TSE:T) (NYSE:TU) had its target price boosted by Morgan Stanley from C$51.00 to C$53.00 in a research note published on Thursday morning.

Several other brokerages also recently issued reports on T. TD Securities decreased their target price on TELUS from C$55.00 to C$54.00 and set a buy rating on the stock in a research note on Tuesday, August 7th. Canaccord Genuity lifted their target price on TELUS from C$48.00 to C$49.00 in a research note on Tuesday, August 7th. Finally, Desjardins lifted their target price on TELUS from C$52.00 to C$53.00 in a research note on Tuesday, August 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of C$52.00.

T stock opened at C$47.69 on Thursday. TELUS has a twelve month low of C$43.88 and a twelve month high of C$49.15. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 140.84.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 11th will be paid a $0.545 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Monday, December 10th. This represents a $2.18 dividend on an annualized basis and a yield of 4.57%. TELUS’s payout ratio is presently 82.47%.

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

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Analyst Recommendations for TELUS (TSE:T)

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