TELUS Co. (T) Price Target Raised to C$49.00 at BMO Capital Markets

TELUS Co. (TSE:T) (NYSE:TU) had its price target increased by BMO Capital Markets from C$47.00 to C$49.00 in a report issued on Monday morning.

Several other analysts have also commented on T. Canaccord Genuity increased their target price on shares of TELUS from C$50.00 to C$51.00 in a research note on Monday. CIBC increased their target price on shares of TELUS from C$48.00 to C$50.00 in a research note on Monday. Citigroup Inc. increased their target price on shares of TELUS from C$52.00 to C$54.00 in a research note on Monday. Desjardins increased their target price on shares of TELUS from C$49.50 to C$51.00 in a research note on Monday. Finally, J P Morgan Chase & Co increased their target price on shares of TELUS from C$49.00 to C$53.00 in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. TELUS currently has an average rating of Buy and an average price target of C$51.08.

Shares of TELUS (TSE:T) traded up C$0.02 during trading hours on Monday, hitting C$48.49. 894,088 shares of the stock were exchanged, compared to its average volume of 992,642. TELUS has a 12 month low of C$40.97 and a 12 month high of C$48.77.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a dividend of $0.505 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 4.17%. This is a positive change from TELUS’s previous quarterly dividend of $0.49. TELUS’s payout ratio is currently 89.79%.

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.

Analyst Recommendations for TELUS (TSE:T)

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