Telus (T) Price Target Raised to C$52.00

Telus (TSE:T) (NYSE:TU) had its price objective hoisted by research analysts at Royal Bank of Canada from C$51.00 to C$52.00 in a research note issued to investors on Tuesday, April 10th. Royal Bank of Canada’s target price points to a potential upside of 16.31% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. JPMorgan Chase lowered their price target on Telus from C$53.00 to C$50.00 in a report on Monday, February 12th. Citigroup lowered their price target on Telus from C$54.00 to C$52.00 in a report on Friday, February 9th. Finally, TD Securities lifted their price objective on Telus from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Friday, February 9th.

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Shares of TSE:T traded up C$0.13 during midday trading on Tuesday, hitting C$44.71. The company had a trading volume of 242,127 shares, compared to its average volume of 999,103. Telus has a twelve month low of C$43.30 and a twelve month high of C$48.94.

Telus (TSE:T) (NYSE:TU) last released its quarterly earnings results on Thursday, February 8th. The company reported C$0.55 EPS for the quarter, missing the consensus estimate of C$0.56 by C($0.01). The firm had revenue of C$3.47 billion for the quarter, compared to analysts’ expectations of C$3.43 billion. Telus had a return on equity of 13.52% and a net margin of 8.29%.

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About Telus

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

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