TELUS Co. (TSE:T) Price Target Raised to C$50.00
TELUS Co. (TSE:T) (NYSE:TU) had its target price lifted by stock analysts at Scotiabank from C$48.00 to C$50.00 in a research note issued on Tuesday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 9.05% from the company’s previous close.
T has been the topic of several other research reports. TD Securities lifted their price objective on TELUS from C$47.00 to C$49.00 and gave the stock a “hold” rating in a report on Friday, May 12th. Morgan Stanley lifted their price objective on TELUS from C$44.00 to C$46.00 in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada lifted their price objective on TELUS from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Monday, May 15th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$47.40.
Shares of TELUS (T) remained flat at $45.85 during trading on Tuesday. 357,745 shares of the company’s stock were exchanged. The stock has a market capitalization of $27.10 billion and a PE ratio of 21.34. The stock’s 50-day moving average price is $44.95 and its 200-day moving average price is $44.38. TELUS has a 1-year low of $40.97 and a 1-year high of $45.98.
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TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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