TELUS Co. (T) Price Target Increased to C$49.00 by Analysts at TD Securities
TELUS Co. (TSE:T) (NYSE:TU) had its target price raised by investment analysts at TD Securities from C$48.00 to C$49.00 in a report released on Monday, StockTargetPrices.com reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 9.33% from the company’s current price.
Several other equities research analysts have also issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of TELUS from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Monday. Scotiabank increased their price objective on shares of TELUS from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. Finally, Morgan Stanley increased their price objective on shares of TELUS from C$44.00 to C$46.00 in a research report on Wednesday, May 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$47.56.
Shares of TELUS (TSE:T) traded up 0.71% during trading on Monday, reaching $45.14. 430,728 shares of the company’s stock traded hands. TELUS has a 1-year low of $40.97 and a 1-year high of $46.29. The company has a market capitalization of $26.68 billion and a price-to-earnings ratio of 21.01. The stock has a 50-day moving average of $45.08 and a 200-day moving average of $44.47.
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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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