TELUS Co. (T) PT Raised to C$53.00 at Barclays PLC

TELUS Co. (TSE:T) (NYSE:TU) had its target price raised by Barclays PLC from C$52.00 to C$53.00 in a research note published on Monday.

Other research analysts have also issued research reports about the stock. BMO Capital Markets increased their target price on shares of TELUS from C$47.00 to C$49.00 in a research note on Monday. Canaccord Genuity increased their target price on shares of TELUS from C$50.00 to C$51.00 in a research note on Monday. CIBC increased their target price on shares of TELUS from C$48.00 to C$50.00 in a research note on Monday. Citigroup Inc. increased their target price on shares of TELUS from C$52.00 to C$54.00 in a research note on Monday. Finally, Desjardins increased their target price on shares of TELUS from C$49.50 to C$51.00 in a research note on Monday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$51.08.

Shares of TELUS (TSE:T) opened at C$48.12 on Monday. TELUS has a 1-year low of C$41.52 and a 1-year high of C$48.77.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, December 8th. This is a boost from TELUS’s previous quarterly dividend of $0.49. TELUS’s dividend 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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