TELUS (T) Given New C$55.00 Price Target at Morgan Stanley

TELUS (TSE:T) (NYSE:TU) had its price objective increased by Morgan Stanley from C$53.00 to C$55.00 in a research report report published on Thursday.

Other research analysts have also recently issued research reports about the stock. Echelon Wealth Partners restated a buy rating on shares of TELUS in a report on Friday, February 15th. Royal Bank of Canada cut their target price on shares of TELUS from C$53.00 to C$52.00 and set an outperform rating on the stock in a report on Friday, February 15th. Cormark raised their target price on shares of TELUS from C$48.00 to C$51.00 in a report on Friday, February 15th. National Bank Financial cut their target price on shares of TELUS from C$51.00 to C$50.00 and set an outperform rating on the stock in a report on Friday, January 4th. Finally, Canaccord Genuity raised their target price on shares of TELUS from C$49.00 to C$51.00 in a report on Friday, February 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. TELUS currently has a consensus rating of Buy and a consensus target price of C$52.78.

T stock opened at C$47.75 on Thursday. The company has a market cap of $28.65 billion and a price-to-earnings ratio of 17.82. TELUS has a one year low of C$43.88 and a one year high of C$49.15. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 137.44.



TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Thursday, February 14th. The company reported C$0.69 EPS for the quarter, missing the consensus estimate of C$0.70 by C($0.01). The business had revenue of C$3.76 billion for the quarter, compared to analysts’ expectations of C$3.65 billion. On average, analysts anticipate that TELUS will post 3.19000003634177 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, March 8th. TELUS’s dividend payout ratio is presently 78.36%.

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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Analyst Recommendations for TELUS (TSE:T)

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