TELUS Receives Consensus Recommendation of “Buy” from Brokerages (TSE:T)
TELUS (TSE:T) has received a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the stock, Analyst Ratings Network reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$40.57.
Shares of TELUS (TSE:T) opened at 38.50 on Monday. TELUS has a 1-year low of $31.41 and a 1-year high of $42.40. The stock has a 50-day moving average of $38.59 and a 200-day moving average of $39.11. The company has a market cap of $23.639 billion and a P/E ratio of 17.03.
TELUS (TSE:T) last posted its earnings data on Friday, August 8th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters 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 announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.97%.
Several analysts have recently commented on the stock. 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, August 8th. 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 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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