Royal Bank Of Canada reaffirmed their sector perform rating on shares of TELUS Co. (TSE:T) (NYSE:TU) in a research note published on Friday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$44.00 price objective on the stock.
A number of other research analysts have also issued reports on T. Canaccord Genuity raised shares of TELUS from a hold rating to a buy rating and boosted their target price for the company from C$45.00 to C$47.00 in a research note on Thursday, January 5th. Scotiabank reissued a sector perform rating and set a C$44.00 target price on shares of TELUS in a research note on Friday, February 3rd. National Bank Financial raised shares of TELUS from a sector perform rating to an outperform rating and boosted their target price for the company from C$44.00 to C$46.00 in a research note on Monday, February 6th. Desjardins reduced their target price on shares of TELUS from C$50.00 to C$49.00 in a research note on Wednesday, December 21st. Finally, TD Securities reissued a hold rating and set a C$45.00 target price on shares of TELUS in a research note on Monday, November 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. TELUS has an average rating of Hold and a consensus price target of C$46.60.
TELUS (TSE:T) opened at 43.14 on Friday. The company’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 10th will be paid a dividend of $0.48 per share. This is a positive change from TELUS’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a yield of 4.45%.
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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