TELUS Given Consensus Rating of “Buy” by Brokerages (TSE:T)
TELUS (TSE:T) has been given a consensus rating of “Buy” by the ten analysts that are currently covering the company, AnalystRatings.NET reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$40.57.
A number of research firms have recently commented on T. Analysts at JPMorgan Chase & Co. raised their price target on shares of TELUS from C$40.00 to C$42.00 in a research note on Friday. They now have a “neutral” rating on the stock. Analysts at TD Securities downgraded shares of TELUS from a “buy” rating to a “hold” rating in a research note on Thursday, June 5th.
TELUS (TSE:T) opened at 38.02 on Monday. TELUS has a 1-year low of $30.38 and a 1-year high of $42.40. The stock’s 50-day moving average is $38.81 and its 200-day moving average is $39.07. The company has a market cap of $23.534 billion and a P/E ratio of 16.99.
TELUS (TSE:T) last announced its earnings results on Friday, August 8th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.04. Analysts expect that TELUS will post $2.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.00%.
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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