Royal Bank of Canada Increases Telus (T) Price Target to C$52.00

Telus (TSE:T) (NYSE:TU) had its price target increased by research analysts at Royal Bank of Canada from C$51.00 to C$52.00 in a research note issued to investors on Tuesday, April 10th. Royal Bank of Canada’s price target would suggest a potential upside of 16.20% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Citigroup lowered their target price on shares of Telus from C$54.00 to C$52.00 in a research note on Friday, February 9th. JPMorgan Chase decreased their price objective on shares of Telus from C$53.00 to C$50.00 in a research note on Monday, February 12th. Finally, TD Securities upped their price objective on shares of Telus from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research note on Friday, February 9th.

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Shares of T opened at C$44.75 on Tuesday. Telus has a 52 week low of C$43.30 and a 52 week high of C$48.94.

Telus (TSE:T) (NYSE:TU) last posted its earnings results on Thursday, February 8th. The company reported C$0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.56 by C($0.01). The business had revenue of C$3.47 billion during the quarter, compared to the consensus estimate of C$3.43 billion. Telus had a net margin of 8.29% and a return on equity of 13.52%.

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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.

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