JPMorgan Chase & Co. Cuts TELUS (TSE:T) Price Target to C$50.00

TELUS (TSE:T) (NYSE:TU) had its price target trimmed by JPMorgan Chase & Co. from C$53.00 to C$50.00 in a report published on Monday, February 12th.

T has been the subject of several other 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 research report on Wednesday, October 25th. Canaccord Genuity raised their price target on TELUS from C$50.00 to C$51.00 in a research report on Monday, November 13th. TD Securities upgraded TELUS from a hold rating to a buy rating and set a C$53.00 price target for the company in a research report on Friday, February 2nd. CIBC increased their price objective on TELUS from C$48.00 to C$50.00 in a research note on Monday, November 13th. Finally, Citigroup increased their price objective on TELUS from C$52.00 to C$54.00 in a research note on Monday, November 13th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of C$50.92.

Shares of TELUS (TSE:T) traded down C$0.12 during trading on Monday, hitting C$46.29. The company’s stock had a trading volume of 125,824 shares, compared to its average volume of 1,068,760. TELUS has a fifty-two week low of C$42.22 and a fifty-two week high of C$48.94. The firm has a market capitalization of $27,410.00, a PE ratio of 18.87 and a beta of 0.49.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be issued a $0.505 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.02 annualized dividend and a yield of 4.36%. TELUS’s dividend payout ratio (DPR) is presently 80.08%.

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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.

Analyst Recommendations for TELUS (TSE:T)

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