Royal Bank Of Canada upgraded shares of TELUS Co. (TSE:T) (NYSE:TU) from a sector perform rating to an outperform rating in a research report sent to investors on Friday. The brokerage currently has C$51.00 price target on the stock, up from their previous price target of C$47.00.
Other analysts have also recently issued research reports about the stock. National Bank Financial increased their price target on shares of TELUS from C$48.00 to C$50.00 and gave the stock an outperform rating in a research report on Friday. Scotiabank increased their price target on shares of TELUS from C$48.00 to C$50.00 and gave the stock a sector perform rating in a research report on Tuesday, August 8th. Finally, TD Securities increased their price target on shares of TELUS from C$48.00 to C$49.00 and gave the stock a hold rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. TELUS currently has a consensus rating of Buy and an average price target of C$51.08.
TELUS (T) opened at C$48.49 on Friday. TELUS has a 1 year low of C$40.97 and a 1 year high of C$48.77.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be paid a dividend of $0.505 per share. 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. The ex-dividend date of this dividend is Friday, December 8th. TELUS’s dividend payout ratio is presently 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.
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