TD Securities Raises TELUS (TSE:T) Price Target to C$62.00

TELUS (TSE:T) (NYSE:TU) had its target price lifted by TD Securities from C$61.00 to C$62.00 in a research report report published on Tuesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on T. Canaccord Genuity increased their price target on shares of TELUS from C$51.00 to C$52.00 in a report on Wednesday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of TELUS from C$51.00 to C$49.00 in a report on Monday, July 8th. National Bank Financial increased their price target on shares of TELUS from C$52.00 to C$53.00 and gave the stock an outperform rating in a report on Tuesday. Finally, Royal Bank of Canada increased their price target on shares of TELUS from C$52.00 to C$53.00 in a report on Tuesday, April 9th.

Shares of TSE:T opened at C$47.53 on Tuesday. TELUS has a twelve month low of C$43.88 and a twelve month high of C$51.22. The company has a market capitalization of $28.65 billion and a price-to-earnings ratio of 16.34. The company has a debt-to-equity ratio of 157.41, a current ratio of 0.72 and a quick ratio of 0.54. The stock’s 50-day simple moving average is C$48.22.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.74 by C$0.01. The firm had revenue of C$3.51 billion during the quarter, compared to analysts’ expectations of C$3.53 billion. Sell-side analysts expect that TELUS will post 3.1800001 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be issued a $0.563 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Monday, September 9th. TELUS’s payout ratio is 74.88%.

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 cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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