Canaccord Genuity Reiterates Buy Rating for Telus (T)
Telus (TSE:T)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Thursday, StockRatingsNetwork.com reports. They currently have a C$43.00 target price on the stock, down from their previous target price of C$44.00. Canaccord Genuity’s target price points to a potential upside of 13.58% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Telus in a research note on Friday, February 14th. Separately, analysts at CIBC raised their price target on shares of Telus from C$35.00 to C$37.00 in a research note on Friday, February 14th. Finally, analysts at TD Securities raised their price target on shares of Telus from C$42.00 to C$45.00 in a research note on Tuesday, January 14th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$38.78.
Shares of Telus (TSE:T) traded up 0.16% on Thursday, hitting $37.92. 268,497 shares of the company’s stock traded hands. Telus has a 1-year low of $29.52 and a 1-year high of $38.96. The stock has a 50-day moving average of $37.31 and a 200-day moving average of $35.54. The company has a market cap of $23.624 billion and a P/E ratio of 17.73.
TELUS Corporation (TSE:T), is a telecommunications companies, providing a range of telecommunications products and services products including wireless, data, Internet protocol, voice and television.
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