TELUS Co. (T) Price Target Raised to C$53.00

TELUS Co. (TSE:T) (NYSE:TU) had its price objective lifted by J P Morgan Chase & Co from C$49.00 to C$53.00 in a research report released on Monday morning.

T has been the subject of a number of other reports. National Bank Financial upped their price target on TELUS from C$48.00 to C$50.00 and gave the company an outperform rating in a report on Friday, November 10th. TD Securities upped their price target on TELUS from C$48.00 to C$49.00 and gave the company a hold rating in a report on Monday, August 14th. Royal Bank Of Canada raised TELUS from a sector perform rating to an outperform rating and upped their price target for the company from C$47.00 to C$51.00 in a report on Friday, November 10th. Finally, Scotiabank upped their price target on TELUS from C$48.00 to C$50.00 and gave the company a sector perform rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$51.08.

TELUS (TSE T) opened at C$48.02 on Monday. TELUS has a 52-week low of C$41.44 and a 52-week high of C$48.77.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be paid a $0.505 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.02 dividend on an annualized basis and a yield of 4.21%. This is a boost from TELUS’s previous quarterly dividend of $0.49. TELUS’s payout ratio is currently 91.31%.

TELUS Company Profile

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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