Royal Bank Of Canada Increases TELUS Co. (TSE:T) Price Target to C$46.00
TELUS Co. (TSE:T) (NYSE:TU) had its price target hoisted by stock analysts at Royal Bank Of Canada from C$45.00 to C$46.00 in a research note issued to investors on Monday, StockTargetPrices.com reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 2.63% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. Morgan Stanley lifted their price target on shares of TELUS from C$44.00 to C$46.00 in a research note on Wednesday, May 17th. Scotiabank lifted their price target on shares of TELUS from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 8th. Finally, TD Securities lifted their price target on shares of TELUS from C$47.00 to C$49.00 and gave the stock a “hold” rating in a research note on Friday, May 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$47.56.
TELUS (TSE T) traded up 0.71% on Monday, reaching $45.14. 430,728 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $45.08 and a 200 day moving average of $44.47. The stock has a market capitalization of $26.68 billion and a PE ratio of 21.01. TELUS has a 12 month low of $40.97 and a 12 month high of $46.29.
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TELUS Company Profile
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The companys telecommunications products and services comprise wireless and wireline voice and data; data services, including Internet protocol; television; hosting, managed information technology, and cloud-based services; healthcare solutions; and business process outsourcing solutions.
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