TELUS Co. (T) Receives C$51.60 Consensus Price Target from Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received a consensus rating of “Buy” from the twelve research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$51.60.

T has been the topic of a number of research reports. TD Securities reduced their price objective on TELUS from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research report on Friday, May 11th. Royal Bank of Canada boosted their price objective on TELUS from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 31st. Canaccord Genuity boosted their price objective on TELUS from C$48.00 to C$49.00 in a research report on Tuesday, August 7th. Morgan Stanley upgraded TELUS from an “equal weight” rating to an “overweight” rating in a research report on Monday, April 30th. Finally, Desjardins boosted their price objective on TELUS from C$52.00 to C$53.00 in a research report on Tuesday, August 7th.

TELUS stock opened at C$47.34 on Thursday. TELUS has a 52 week low of C$43.30 and a 52 week high of C$48.94.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Thursday, May 10th. The company reported C$0.73 EPS for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.01). TELUS had a return on equity of 13.52% and a net margin of 8.29%. The business had revenue of C$3.38 billion for the quarter, compared to analyst estimates of C$3.35 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 10th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, September 7th. This represents a $2.10 dividend on an annualized basis and a yield of 4.44%.

About TELUS

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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