Royal Bank of Canada Increases TELUS (TSE:T) Price Target to C$55.00

TELUS (TSE:T) (NYSE:TU) had its target price hoisted by investment analysts at Royal Bank of Canada from C$53.00 to C$55.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 10.64% from the company’s current price.

A number of other analysts have also issued reports on the company. BMO Capital Markets boosted their target price on TELUS from C$51.00 to C$52.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. boosted their target price on shares of TELUS from C$39.00 to C$42.00 in a research note on Friday, November 1st. Desjardins lowered their target price on shares of TELUS from C$56.50 to C$55.50 in a research note on Tuesday, August 6th. National Bank Financial boosted their target price on shares of TELUS from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, TD Securities boosted their target price on shares of TELUS from C$61.00 to C$62.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$53.17.

T stock traded up C$0.46 during trading on Friday, hitting C$49.71. The stock had a trading volume of 802,937 shares, compared to its average volume of 1,055,354. The company has a debt-to-equity ratio of 158.31, a current ratio of 0.72 and a quick ratio of 0.54. TELUS has a twelve month low of C$44.32 and a twelve month high of C$51.22. The stock has a market capitalization of $29.60 billion and a P/E ratio of 17.09. The company’s 50-day moving average price is C$47.38 and its two-hundred day moving average price is C$48.39.

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 company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Analyst Recommendations for TELUS (TSE:T)

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