Telus (TSE:T) Price Target Cut 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 issued on Friday, May 11th.

T has been the subject of several other research reports. Morgan Stanley raised shares of Telus from an equal weight rating to an overweight rating in a research report on Monday, April 30th. Scotiabank upped their target price on shares of Telus to C$52.00 and gave the company an outperform rating in a research note on Monday, May 7th. TD Securities upgraded shares of Telus from a hold rating to a buy rating and set a C$53.00 price objective on the stock in a research note on Friday, February 2nd. CIBC downgraded shares of Telus from an outperform rating to a neutral rating in a research note on Friday, May 11th. Finally, JPMorgan Chase reduced their price target on shares of Telus from C$53.00 to C$50.00 in a research report on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$50.91.

Shares of Telus opened at C$45.68 on Friday, according to Marketbeat Ratings. Telus has a 1 year low of C$43.30 and a 1 year high of C$48.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Friday, June 8th will be paid a $0.525 dividend. The ex-dividend date is Thursday, June 7th. This represents a $2.10 annualized dividend and a dividend yield of 4.60%. 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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