Analysts Set TELUS Co. (T) PT at $51.00

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TELUS Co. (TSE:T) (NYSE:TU) has been assigned a consensus rating of “Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$51.00.

Several brokerages have commented on T. Canaccord Genuity lowered their price target on TELUS from C$49.00 to C$48.00 in a report on Friday, May 11th. CIBC downgraded TELUS from an “outperform” rating to a “neutral” rating in a report on Friday, May 11th. TD Securities lowered their price target on TELUS from C$54.00 to C$53.00 and set a “buy” rating on the stock in a report on Friday, May 11th. Scotiabank increased their price target on TELUS to C$52.00 and gave the company an “outperform” rating in a report on Monday, May 7th. Finally, Morgan Stanley upgraded TELUS from an “equal weight” rating to an “overweight” rating in a report on Monday, April 30th.

TELUS opened at C$46.30 on Tuesday, MarketBeat reports. TELUS has a 52 week low of C$43.30 and a 52 week high of C$48.94.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Thursday, May 10th. The company reported C$0.73 EPS for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.01). TELUS had a return on equity of 13.52% and a net margin of 8.29%. The firm had revenue of C$3.38 billion during the quarter, compared to analyst estimates of C$3.35 billion.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 8th will be given a $0.525 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Thursday, June 7th.

TELUS Company Profile

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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