Royal Bank of Canada Increases Telus (T) Price Target to C$52.00

Telus (TSE:T) (NYSE:TU) had its price objective raised by analysts at Royal Bank of Canada from C$51.00 to C$52.00 in a note issued to investors on Tuesday, April 10th. Royal Bank of Canada’s price objective indicates a potential upside of 15.76% from the company’s current price.

Several other research firms have also issued reports on T. TD Securities upgraded Telus from a “hold” rating to a “buy” rating and set a C$53.00 price target on the stock in a research report on Friday, February 2nd. Citigroup reduced their price target on Telus from C$54.00 to C$52.00 in a research report on Friday, February 9th. Finally, JPMorgan Chase dropped their price objective on Telus from C$53.00 to C$50.00 in a research note on Monday, February 12th.

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TSE:T opened at C$44.92 on Tuesday. Telus has a 1-year low of C$43.30 and a 1-year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.01). The company had revenue of C$3.47 billion for the quarter, compared to the consensus estimate 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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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.

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