Telus (T) PT Lowered to C$48.00

Telus (TSE:T) (NYSE:TU) had its price target trimmed by Canaccord Genuity from C$49.00 to C$48.00 in a report published on Friday.

Several other analysts also recently issued reports on T. TD Securities upgraded Telus from a hold rating to a buy rating and set a C$53.00 price target for the company in a research note on Friday, February 2nd. Citigroup decreased their price target on Telus from C$54.00 to C$52.00 in a research note on Friday, February 9th. JPMorgan Chase decreased their price target on Telus from C$53.00 to C$50.00 in a research note on Monday, February 12th. Royal Bank of Canada upped their price target on Telus from C$51.00 to C$52.00 in a research note on Tuesday, April 10th. Finally, Morgan Stanley upgraded Telus from an equal weight rating to an overweight rating in a research note on Monday, April 30th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Telus currently has a consensus rating of Buy and an average target price of C$50.50.

T opened at C$45.62 on Friday. Telus has a 52-week low of C$43.30 and a 52-week high of C$48.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 8th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Thursday, June 7th. This is a boost from Telus’s previous quarterly dividend of $0.51.

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.

Analyst Recommendations for Telus (TSE:T)

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