TELUS (TSE:T) Price Target Increased to C$54.00 by Analysts at National Bank Financial

TELUS (TSE:T) (NYSE:TU) had its target price hoisted by analysts at National Bank Financial from C$53.00 to C$54.00 in a report released on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 8.63% from the stock’s current price.

T has been the topic of several other research reports. BMO Capital Markets lifted their price target on shares of TELUS from C$51.00 to C$52.00 in a research note on Monday, September 9th. TD Securities lifted their price target 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. Standpoint Research downgraded shares of TELUS from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Desjardins dropped their price target on shares of TELUS from C$56.50 to C$55.50 in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TELUS from C$39.00 to C$42.00 in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$53.17.

TELUS stock traded up C$0.46 during midday trading on Friday, hitting C$49.71. 802,937 shares of the stock were exchanged, compared to its average volume of 1,055,354. TELUS has a 1 year low of C$44.32 and a 1 year high of C$51.22. The firm has a market cap of $29.60 billion and a P/E ratio of 17.09. The company has a debt-to-equity ratio of 158.31, a current ratio of 0.72 and a quick ratio of 0.54. The company has a 50 day moving average price of C$47.38 and a two-hundred day moving average price of 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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