TELUS Co. (TSE:T) PT Raised to C$50.00

TELUS Co. (TSE:T) (NYSE:TU) had its target price hoisted by equities researchers at Scotiabank from C$48.00 to C$50.00 in a note issued to investors on Tuesday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 9.05% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada raised their target price on TELUS from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Monday, May 15th. TD Securities raised their target price on TELUS from C$47.00 to C$49.00 and gave the company a “hold” rating in a report on Friday, May 12th. Finally, Morgan Stanley raised their target price on TELUS from C$44.00 to C$46.00 in a report on Wednesday, May 17th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$47.40.

TELUS (TSE T) traded up 0.07% during mid-day trading on Tuesday, hitting $45.88. The company had a trading volume of 288,456 shares. The company has a market capitalization of $27.12 billion and a P/E ratio of 21.35. The company has a 50-day moving average price of $44.95 and a 200 day moving average price of $44.38. TELUS has a 52-week low of $40.97 and a 52-week high of $45.98.

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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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