Published: Sat, August 12, 2017
Money | By Armando Alvarado

(TSE:T) Target Price at $47.50

(TSE:T) Target Price at $47.50

Shares of TELUS Corporation (TU) opened at 35.38 on Friday. Sei Investments Co.'s holdings in TELUS Corporation were worth $12,841,000 at the end of the most recent quarter. PNC Financial Services Group Inc. now owns 3,782 shares of the Wireless communications provider's stock valued at $130,000 after buying an additional 2,662 shares during the period.

Telus Corporation Ordinary Shar's P/E ratio is 20.65 and the market value is 20.91B. Next quarter's EPS is forecasted at $0.54 and the next full year EPS is anticipated to be $2.27.

Vancouver-based Telus signed up 99,000 new postpaid wireless customers in the quarter compared with 61,000 a year earlier.

Shares of TELUS Corporation (NYSE TU) traded down 0.84% during midday trading on Friday, hitting $35.38. The institutional investor owned 4,711 shares of the Wireless communications provider's stock after selling 4,153 shares during the period.

Shares are trading at $35.38 which is marginally over the 50 day moving average which is $35.36 and which is quite a bit above the 200 day moving average of $33.67.

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11/20/2014 - Citigroup began new coverage on TELUS Corporation giving the company a "buy" rating. Raymond James Trust N.A. now owns 6,854 shares of the Wireless communications provider's stock valued at $222,000 after buying an additional 465 shares during the last quarter. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Telus had 28 analyst reports since August 10, 2015 according to SRatingsIntel. Scotiabank increased their target price on TELUS from C$44.00 to C$46.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 26th.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Beutel Goodman & Co Ltd. boosted its position in shares of TELUS Corporation by 1.3% in the first quarter. Shareholders of record on Friday, September 8th will be given a dividend of $0.4925 per share. This dividend represents a yield of $4.50. Patten Gp has invested 0.94% of its portfolio in TELUS Corporation (TSE:T).

TRADEMARK VIOLATION NOTICE: This news story was reported by Transcript Daily and is the property of of Transcript Daily. Canaccord Genuity restated a "buy" rating and issued a $47.00 target price on shares of TELUS Corporation in a research note on Monday, May 8th. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of USA and worldwide copyright & trademark law. The legal version of this story can be read at

Among 21 analysts covering Boeing (NYSE:BA), 12 have Buy rating, 1 Sell and 8 Hold. The company has a consensus rating of "Buy" and a consensus target price of $41.33.

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada.

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