TELUS Co. (T) Given Average Rating of “Buy” by Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has been given a consensus rating of “Buy” by the twelve ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$51.25.

A number of equities research analysts have recently issued reports on T shares. Scotiabank raised shares of TELUS from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$50.00 to C$54.00 in a report on Wednesday, October 25th. Canaccord Genuity upped their target price on shares of TELUS from C$50.00 to C$51.00 in a report on Monday, November 13th. CIBC upped their target price on shares of TELUS from C$48.00 to C$50.00 in a report on Monday, November 13th. Citigroup upped their target price on shares of TELUS from C$52.00 to C$54.00 in a report on Monday, November 13th. Finally, Royal Bank of Canada raised shares of 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.

Shares of TELUS (TSE:T) traded down C$0.14 during midday trading on Monday, reaching C$46.99. 642,169 shares of the company traded hands, compared to its average volume of 882,326. TELUS has a 12 month low of C$42.22 and a 12 month high of C$48.94. The stock has a market cap of $27,750.00, a price-to-earnings ratio of 22.06 and a beta of 0.56.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were given a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Friday, December 8th. This is a boost from TELUS’s previous quarterly dividend of $0.49. TELUS’s dividend 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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