TELUS (TSE:T) Price Target Increased to C$63.00 by Analysts at TD Securities

TELUS (TSE:T) (NYSE:TU) had its price target upped by TD Securities from C$62.00 to C$63.00 in a report issued on Wednesday, BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 17.65% from the stock’s previous close.

T has been the topic of several other research reports. BMO Capital Markets boosted their target price on TELUS from C$52.00 to C$53.00 in a research report on Friday, December 6th. Royal Bank of Canada boosted their target price on TELUS from C$53.00 to C$55.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, National Bank Financial boosted their target price on TELUS from C$54.00 to C$55.00 and gave the company an “outperform” rating in a research report on Friday, December 6th.

Shares of TSE T traded up C$0.14 during trading hours on Wednesday, hitting C$53.55. 427,972 shares of the company traded hands, compared to its average volume of 896,301. The stock has a market capitalization of $32.29 billion and a price-to-earnings ratio of 18.54. The company has a current ratio of 0.80, a quick ratio of 0.61 and a debt-to-equity ratio of 159.46. The company’s 50 day moving average price is C$51.17 and its 200 day moving average price is C$49.03. TELUS has a 12 month low of C$45.69 and a 12 month high of C$53.73.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Thursday, November 7th. The company reported C$0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.73 by C$0.03. The company had revenue of C$3.70 billion for the quarter, compared to the consensus estimate of C$3.80 billion. Equities analysts anticipate that TELUS will post 3.14 EPS for the current year.

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 cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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