TD Securities Raises TELUS Co. (T) Price Target to C$46.00

TELUS Co. (TSE:T) (NYSE:TU) had its price target boosted by TD Securities from C$43.00 to C$46.00 in a research report sent to investors on Friday.

T has been the topic of a number of other research reports. Canaccord Genuity raised TELUS from a hold rating to a buy rating and increased their price target for the stock from C$45.00 to C$47.00 in a research report on Thursday, January 5th. National Bank Financial raised TELUS from a sector perform rating to an outperform rating and increased their price target for the stock from C$44.00 to C$46.00 in a research report on Monday, February 6th. Desjardins reduced their target price on TELUS from C$50.00 to C$49.00 in a report on Wednesday, December 21st. Finally, Scotiabank reaffirmed a sector perform rating and issued a C$44.00 target price on shares of TELUS in a report on Monday, November 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. TELUS currently has a consensus rating of Hold and a consensus price target of C$46.60.

Analyst Recommendations for TELUS (TSE:T)

Shares of TELUS (TSE:T) opened at 42.99 on Friday. The company has a market cap of $25.41 billion and a P/E ratio of 20.87. TELUS has a 52-week low of $42.85 and a 52-week high of $43.05. The stock’s 50 day moving average price is $0.00 and its 200-day moving average price is $0.00.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 10th will be issued a dividend of $0.48 per share. This is an increase from TELUS’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a dividend yield of 4.47%.

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, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

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