Telus (TSE:T) PT Lowered to C$48.00 at Canaccord Genuity

Telus (TSE:T) (NYSE:TU) had its target price reduced by Canaccord Genuity from C$49.00 to C$48.00 in a report issued on Friday, May 11th.

A number of other equities research analysts have also recently commented on T. TD Securities reduced their target price on shares of Telus from C$54.00 to C$53.00 and set a buy rating for the company in a report on Friday, May 11th. CIBC cut shares of Telus from an outperform rating to a neutral rating in a report on Friday, May 11th. Scotiabank upped their target price on shares of Telus to C$52.00 and gave the stock an outperform rating in a research report on Monday, May 7th. Citigroup lowered their target price on shares of Telus from C$54.00 to C$52.00 in a research report on Friday, February 9th. Finally, Morgan Stanley upgraded shares of Telus from an equal weight rating to an overweight rating in a research report on Monday, April 30th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of C$50.91.

Shares of Telus opened at C$45.68 on Friday, according to MarketBeat.com. Telus has a 52-week low of C$43.30 and a 52-week high of C$48.94.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Friday, June 8th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $2.10 dividend on an annualized basis and a yield of 4.60%. This is an increase from Telus’s previous quarterly dividend of $0.51.

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 security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

Analyst Recommendations for Telus (TSE:T)

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