Latest Stocks: Brokers Issue Forecasts for TELUS Co.’s FY2018 Earnings (T)

Latest Stocks: Brokers Issue Forecasts for TELUS Co.’s FY2018 Earnings (T)

Several other analysts have also recently commented on T. Royal Bank of Canada raised their price objective on shares of TELUS from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Monday. TD Securities raised their price objective on shares of TELUS from C$47.00 to C$49.00 and gave the company a “hold” rating in a research note on Friday, May 12th. Scotiabank raised their price objective on shares of TELUS from C$44.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 26th. CIBC upgraded shares of TELUS from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 5th. Finally, Barclays PLC raised their price objective on shares of TELUS from C$48.00 to C$50.00 in a research note on Friday, February 10th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$47.20.

TELUS Co. (TSE:T) (NYSE:TU) – Analysts at National Bank Financial lifted their FY2018 earnings per share (EPS) estimates for TELUS in a note issued to investors on Thursday. National Bank Financial analyst A. Shine now expects that the company will earn $2.95 per share for the year, up from their previous estimate of $2.91. National Bank Financial currently has a “Outperform” rating and a $46.00 target price on the stock.

Several other analysts have also recently commented on T. Royal Bank of Canada raised their price objective on shares of TELUS from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Monday. TD Securities raised their price objective on shares of TELUS from C$47.00 to C$49.00 and gave the company a “hold” rating in a research note on Friday, May 12th. Scotiabank raised their price objective on shares of TELUS from C$44.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 26th. CIBC upgraded shares of TELUS from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 5th. Finally, Barclays PLC raised their price objective on shares of TELUS from C$48.00 to C$50.00 in a research note on Friday, February 10th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$47.20. TELUS (TSE:T) traded down 0.46% on Monday, reaching $45.41. 365,922 shares of the company’s stock were exchanged. The company has a market capitalization of $26.79 billion and a P/E ratio of 22.04. The firm has a 50-day moving average price of $44.69 and a 200-day moving average price of $43.42. TELUS has a 1-year low of $45.00 and a 1-year high of $45.60.

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.

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