TELUS Receives Consensus Rating of “Buy” from Brokerages (TSE:T)
Shares of TELUS (TSE:T) have earned a consensus rating of “Buy” from the twelve brokerages that are currently covering the company, American Banking and Market News reports. Five investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation 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$39.00.
TELUS (TSE:T) opened at 39.45 on Friday. TELUS has a 1-year low of $29.77 and a 1-year high of $42.40. The stock has a 50-day moving average of $40.87 and a 200-day moving average of $38.68. The company has a market cap of $24.420 billion and a P/E ratio of 19.05.
TELUS (TSE:T) last announced its earnings results on Friday, May 9th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. Analysts expect that TELUS will post $2.35 EPS for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Wednesday, July 2nd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.38 per share. This represents a dividend yield of 3.68%. The ex-dividend date is Friday, June 6th.
A number of research firms have recently commented on T. Analysts at TD Securities downgraded shares of TELUS from a “buy” rating to a “hold” rating in a research note on Thursday, June 5th. Separately, analysts at Barclays raised their price target on shares of TELUS from C$41.00 to C$42.00 in a research note on Friday, May 9th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of TELUS from C$39.00 to C$40.00 in a research note on Friday, May 9th. They now have an “outperform” rating on the stock.
TELUS Corporation (TSE:T), incorporated on October 26, 1998, 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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