TELUS Co. (T) Given Average Rating of “Buy” by Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been given a consensus rating of “Buy” by the twelve research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$51.08.

A number of research firms have recently issued reports on T. Desjardins increased their price target on shares of TELUS from C$49.50 to C$51.00 in a research report on Monday, November 13th. Canaccord Genuity increased their price target on shares of TELUS from C$50.00 to C$51.00 in a research report on Monday, November 13th. National Bank Financial increased their price target on shares of TELUS from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Scotiabank increased their price target on shares of TELUS from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets increased their price target on shares of TELUS from C$47.00 to C$49.00 in a research report on Monday, November 13th.

Shares of TELUS (T) traded up C$0.35 on Friday, hitting C$48.47. 989,800 shares of the company’s stock traded hands, compared to its average volume of 990,877. TELUS has a one year low of C$41.52 and a one year high of C$48.77.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors 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 yield of 4.17%. The ex-dividend date is Friday, December 8th. This is a positive change from TELUS’s previous quarterly dividend of $0.49. TELUS’s dividend payout ratio (DPR) is presently 91.31%.

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About TELUS

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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