Brokerages Set TELUS Co. (T) Target Price at $46.70

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been given an average rating of “Hold” by the eleven brokerages that are covering the company. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$46.89.

A number of equities research analysts recently commented on T shares. Canaccord Genuity raised TELUS from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$45.00 to C$47.00 in a report on Thursday, January 5th. Scotiabank reissued a “sector perform” rating and issued a C$44.00 price target on shares of TELUS in a report on Friday, February 3rd. National Bank Financial raised TELUS from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$44.00 to C$46.00 in a report on Monday, February 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a C$44.00 price target on shares of TELUS in a report on Friday, February 10th. Finally, Barclays PLC boosted their price target on TELUS from C$48.00 to C$50.00 in a report on Friday, February 10th.

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TELUS (TSE:T) traded up 0.18% during midday trading on Tuesday, reaching $44.28. 274,662 shares of the company traded hands. The company has a 50 day moving average of $43.39 and a 200-day moving average of $43.08. TELUS has a 12-month low of $44.16 and a 12-month high of $44.40. The stock has a market capitalization of $26.13 billion and a P/E ratio of 21.50.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 10th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.34%. This is an increase from TELUS’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Wednesday, March 8th.

TELUS Company Profile

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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