TELUS Co. (T) Given Average Recommendation of “Buy” by Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$51.60.

Several equities analysts have recently issued reports on T shares. Royal Bank of Canada lifted their price objective on shares of TELUS from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 31st. National Bank Financial lifted their price objective on shares of TELUS from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 11th. TD Securities lowered their price objective on shares of TELUS from C$55.00 to C$54.00 and set a “buy” rating on the stock in a research note on Tuesday, August 7th. Canaccord Genuity lifted their price objective on shares of TELUS from C$48.00 to C$49.00 in a research note on Tuesday, August 7th. Finally, Desjardins lifted their price objective on shares of TELUS from C$52.00 to C$53.00 in a research note on Tuesday, August 7th.

TELUS stock traded down C$0.28 during trading hours on Tuesday, hitting C$45.22. 130,286 shares of the company traded hands, compared to its average volume of 932,850. TELUS has a 1-year low of C$43.88 and a 1-year high of C$49.15.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, August 3rd. The company reported C$0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.69 by C$0.01. The firm had revenue of C$3.45 billion for the quarter, compared to analysts’ expectations of C$3.44 billion. TELUS had a net margin of 8.29% and a return on equity of 13.52%.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 10th were paid a $0.525 dividend. The ex-dividend date was Friday, September 7th. This represents a $2.10 annualized dividend and a dividend yield of 4.64%.

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.

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Analyst Recommendations for TELUS (TSE:T)

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