TELUS (TSE:T) Price Target Raised to C$58.00

TELUS (TSE:T) (NYSE:TU) had its price objective hoisted by analysts at Royal Bank of Canada from C$55.00 to C$58.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 8.31% from the company’s previous close.

T has been the subject of a number of other reports. National Bank Financial lowered shares of TELUS from an “outperform” rating to a “sector perform” rating and set a C$55.00 price target for the company. in a report on Friday. Scotiabank raised their price target on shares of TELUS from C$55.00 to C$58.00 in a report on Friday, February 7th. Canaccord Genuity raised their price target on shares of TELUS from C$52.00 to C$54.00 in a report on Friday. CIBC raised their price target on shares of TELUS from C$51.00 to C$54.00 in a report on Friday. Finally, TD Securities raised their price target on shares of TELUS from C$62.00 to C$63.00 in a report on Wednesday, February 5th.

T traded down C$0.98 during trading hours on Friday, reaching C$53.55. 955,354 shares of the stock traded hands, compared to its average volume of 1,047,121. The firm’s fifty day simple moving average is C$51.92 and its two-hundred day simple moving average is C$49.33. The company has a market cap of $32.97 billion and a price-to-earnings ratio of 18.54. TELUS has a fifty-two week low of C$45.69 and a fifty-two week high of C$55.48. The company has a debt-to-equity ratio of 159.46, a current ratio of 0.80 and a quick ratio of 0.61.

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

Recommended Story: 52- Week Highs

Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.