Canaccord Genuity Boosts TELUS (T) Price Target to C$51.00

TELUS (TSE:T) (NYSE:TU) had its price objective hoisted by Canaccord Genuity from C$49.00 to C$51.00 in a research report released on Friday morning.

Several other research firms also recently issued reports on T. TD Securities increased their price objective on shares of TELUS from C$55.00 to C$58.00 in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of TELUS from C$49.00 to C$51.00 in a research note on Friday. National Bank Financial decreased their price target on shares of TELUS from C$51.00 to C$50.00 and set an outperform rating on the stock in a research note on Friday, January 4th. Morgan Stanley raised their price target on shares of TELUS from C$51.00 to C$53.00 in a research note on Thursday, November 29th. Finally, Cormark raised their price target on shares of TELUS from C$48.00 to C$51.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of C$52.56.

T opened at C$47.10 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 140.84. The firm has a market cap of $28.03 billion and a price-to-earnings ratio of 18.86. TELUS has a 52-week low of C$43.88 and a 52-week high of C$49.15.

About TELUS

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.

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Analyst Recommendations for TELUS (TSE:T)

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