TELUS (TSE:T) Sets New 52-Week Low on Analyst Downgrade

TELUS Co. (TSE:T) (NYSE:TU) shares reached a new 52-week low during trading on Tuesday after JPMorgan Chase & Co. downgraded the stock from a neutral rating to an underweight rating. JPMorgan Chase & Co. now has a C$19.00 price target on the stock, down from their previous price target of C$22.00. TELUS traded as low as C$19.10 and last traded at C$19.23, with a volume of 5280890 shares traded. The stock had previously closed at C$20.06.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets decreased their price objective on shares of TELUS from C$24.00 to C$23.00 in a research note on Monday, November 10th. CIBC increased their target price on TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. Desjardins lowered their price target on TELUS from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. National Bankshares set a C$23.00 price objective on TELUS and gave the stock a “sector perform” rating in a research note on Tuesday, August 12th. Finally, Scotiabank increased their price target on TELUS from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, September 8th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TELUS presently has an average rating of “Moderate Buy” and a consensus price target of C$22.77.

TELUS Price Performance

The company has a market cap of C$29.16 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The company has a fifty day moving average price of C$21.19 and a two-hundred day moving average price of C$21.87.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, November 7th. The company reported C$0.32 EPS for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The firm had revenue of C$5.07 billion during the quarter. As a group, equities research analysts anticipate that TELUS Co. will post 1.2267985 EPS for the current fiscal year.

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.