TELUS Co. (T) PT Raised to C$45.00

TELUS Co. (TSE:T) (NYSE:TU) had its price target hoisted by investment analysts at CIBC from C$44.00 to C$45.00 in a report released on Friday. CIBC’s price objective would indicate a potential upside of 4.48% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. TD Securities restated a “hold” rating and set a C$45.00 price target on shares of TELUS in a research note on Monday, November 7th. Scotiabank reaffirmed a “sector perform” rating and set a C$44.00 price objective on shares of TELUS in a research report on Monday, November 7th. Canaccord Genuity raised TELUS from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$45.00 to C$47.00 in a research report on Thursday, January 5th. National Bank Financial increased their price objective on TELUS from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 7th. Finally, Desjardins decreased their price objective on TELUS from C$50.00 to C$49.00 in a research report on Wednesday, December 21st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$46.60.

Analyst Recommendations for TELUS (TSE:T)

TELUS (TSE:T) opened at 43.07 on Friday. The firm has a 50 day moving average of $0.00 and a 200 day moving average of $0.00.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Friday, March 10th will be issued a $0.48 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a dividend yield of 4.46%.

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

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