TELUS Co. (T) Sets New 1-Year High at $48.84

Shares of TELUS Co. (TSE:T) (NYSE:TU) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$48.84 and last traded at C$48.47, with a volume of 989750 shares traded. The stock had previously closed at C$48.12.

Several research firms have weighed in on T. National Bank Financial raised their target price on TELUS from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Friday, November 10th. TD Securities raised their target price on TELUS from C$49.00 to C$51.00 and gave the company a “hold” rating in a report on Friday, November 10th. Royal Bank Of Canada upgraded TELUS from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$47.00 to C$51.00 in a report on Friday, November 10th. CIBC raised their target price on TELUS from C$48.00 to C$50.00 in a report on Monday, November 13th. Finally, J P Morgan Chase & Co raised their target price on TELUS from C$49.00 to C$53.00 in a report on Monday, November 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. TELUS has an average rating of “Buy” and an average target price of C$51.08.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a $0.505 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.49. This represents a $2.02 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Friday, December 8th. TELUS’s dividend payout ratio (DPR) is currently 91.31%.

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About TELUS

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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