Analysts Set TELUS Co. (T) PT at $51.08

Shares of TELUS Co. (TSE:T) (NYSE:TU) have earned a consensus rating of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$51.08.

Several research analysts have recently commented on T shares. CIBC lifted their price objective on TELUS from C$48.00 to C$50.00 in a report on Monday, November 13th. Royal Bank Of Canada upgraded TELUS from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$47.00 to C$51.00 in a report on Friday, November 10th. Barclays PLC upped their target price on TELUS from C$52.00 to C$53.00 in a report on Monday, November 13th. TD Securities upped their target price on TELUS from C$48.00 to C$49.00 and gave the stock a “hold” rating in a report on Monday, August 14th. Finally, J P Morgan Chase & Co boosted their price target on TELUS from C$49.00 to C$53.00 in a research report on Monday, November 13th.

Shares of TELUS (TSE:T) remained flat at $C$48.71 during mid-day trading on Friday. 624,916 shares of the stock traded hands, compared to its average volume of 988,003. TELUS has a 52 week low of C$41.52 and a 52 week high of C$48.89.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be given a dividend of $0.505 per share. The ex-dividend date is Friday, December 8th. This is an increase from TELUS’s previous quarterly dividend of $0.49. This represents a $2.02 dividend on an annualized basis and a yield of 4.15%. TELUS’s payout ratio is currently 91.31%.

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About TELUS

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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