CIBC Boosts TELUS Co. (T) Price Target to C$50.00
TELUS Co. (TSE:T) (NYSE:TU) had its target price increased by equities researchers at CIBC from C$48.00 to C$50.00 in a report issued on Monday. CIBC’s target price indicates a potential upside of 3.16% from the company’s previous close.
T has been the subject of several other research reports. Scotiabank upgraded TELUS from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$50.00 to C$54.00 in a report on Wednesday, October 25th. Royal Bank Of Canada increased their price objective on TELUS from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Monday, August 14th. National Bank Financial increased their price objective on TELUS from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Friday. TD Securities increased their price objective on TELUS from C$49.00 to C$51.00 and gave the stock a “hold” rating in a report on Friday. Finally, Desjardins increased their price objective on TELUS from C$49.50 to C$51.00 in a report on Monday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. TELUS has an average rating of “Buy” and a consensus price target of C$51.08.
TELUS (TSE:T) traded up C$0.95 on Monday, reaching C$48.47. The company had a trading volume of 1,979,150 shares, compared to its average volume of 993,097. TELUS has a fifty-two week low of C$40.97 and a fifty-two week high of C$48.77.
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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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