TELUS Co. (T) Receives Average Recommendation of “Buy” from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has received a consensus rating of “Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$48.38.

T has been the subject of a number of research reports. Scotiabank raised shares of TELUS from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$50.00 to C$54.00 in a research note on Wednesday, October 25th. TD Securities lifted their target price on shares of TELUS from C$48.00 to C$49.00 and gave the company a “hold” rating in a research note on Monday, August 14th. Finally, Royal Bank Of Canada lifted their target price on shares of TELUS from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Monday, August 14th.

Shares of TELUS (T) traded up 0.34% on Wednesday, hitting $46.84. The company’s stock had a trading volume of 815,579 shares. TELUS has a 52 week low of $40.97 and a 52 week high of $47.80. The company has a market cap of $27.82 billion and a price-to-earnings ratio of 22.42. The stock’s 50 day moving average is $44.90 and its 200-day moving average is $45.06.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were paid a $0.4925 dividend. This represents a $1.97 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Thursday, September 7th. This is a positive change from TELUS’s previous quarterly dividend of $0.48.

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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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