Brokerages Set TELUS Corporation (TU) Target Price at $46.17

Shares of TELUS Corporation (NYSE:TU) (TSE:T) have received a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $46.17.

Several research firms have recently weighed in on TU. Bank of America began coverage on shares of TELUS in a report on Tuesday, November 21st. They issued a “neutral” rating and a $39.00 price target for the company. Morgan Stanley upped their price target on shares of TELUS from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Friday, November 17th. Barclays upped their price target on shares of TELUS from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, November 10th. Royal Bank of Canada upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $47.00 to $51.00 in a report on Friday, November 10th. Finally, Scotiabank upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating in a report on Wednesday, October 25th.

TELUS (NYSE TU) traded up $0.17 during trading on Tuesday, hitting $38.02. 447,698 shares of the stock traded hands, compared to its average volume of 405,900. The firm has a market capitalization of $22,502.92, a PE ratio of 23.47, a PEG ratio of 2.10 and a beta of 0.92. TELUS has a 12 month low of $31.28 and a 12 month high of $38.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.55 and a quick ratio of 0.48.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were given a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Friday, December 8th. This is a positive change from TELUS’s previous quarterly dividend of $0.39. TELUS’s payout ratio is currently 98.15%.

Several hedge funds have recently made changes to their positions in TU. PNC Financial Services Group Inc. lifted its position in shares of TELUS by 237.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the Wireless communications provider’s stock worth $130,000 after purchasing an additional 2,662 shares in the last quarter. OLD National Bancorp IN bought a new stake in shares of TELUS in the third quarter worth $208,000. Wells Fargo & Company MN lifted its position in shares of TELUS by 38.9% in the second quarter. Wells Fargo & Company MN now owns 6,544 shares of the Wireless communications provider’s stock worth $226,000 after purchasing an additional 1,833 shares in the last quarter. Financial Counselors Inc. lifted its position in shares of TELUS by 3.6% in the second quarter. Financial Counselors Inc. now owns 6,840 shares of the Wireless communications provider’s stock worth $236,000 after purchasing an additional 240 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of TELUS in the second quarter worth $264,000. 51.84% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Brokerages Set TELUS Corporation (TU) Target Price at $46.17” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2018/01/05/brokerages-set-telus-corporation-tu-target-price-at-46-17.html.

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 (NYSE:TU)

Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply