TELUS (TSE:T – Get Free Report) (NYSE:TU) had its price target boosted by investment analysts at Scotia from C$15.25 to C$16.25 in a research report issued on Monday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. Scotia‘s price target would suggest a potential upside of 27.95% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada cut shares of TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Desjardins cut their price target on shares of TELUS from C$13.50 to C$13.00 and set a “hold” rating on the stock in a report on Wednesday, October 7th. ATB Cormark Capital Markets reduced their price target on TELUS from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a research report on Monday. Scotiabank reduced their price target on TELUS from C$17.00 to C$15.25 and set a “sector perform” rating on the stock in a research report on Tuesday, October 20th. Finally, National Bank Financial increased their price objective on TELUS from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, TELUS currently has an average rating of “Hold” and an average target price of C$16.43.
Read Our Latest Stock Report on TELUS
TELUS Stock Down 0.9%
Shares of T traded down C$0.11 during mid-day trading on Monday, hitting C$12.70. The company’s stock had a trading volume of 4,660,659 shares, compared to its average volume of 8,079,194. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85. The company’s 50-day moving average is C$12.24 and its 200-day moving average is C$15.58. TELUS has a 52-week low of C$10.89 and a 52-week high of C$20.97. The firm has a market capitalization of C$20.00 billion, a price-to-earnings ratio of -21.53, a PEG ratio of 1.65 and a beta of 0.70.
TELUS (TSE:T – Get Free Report) (NYSE:TU) last released its quarterly earnings results on Friday, November 6th. The company reported C$0.16 EPS for the quarter. The firm had revenue of C$5.02 billion during the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. On average, equities research analysts forecast that TELUS will post 1.23 EPS for the current fiscal year.
About TELUS
TELUS Digital, a wholly-owned subsidiary of TELUS Corporation (TSX: T, NYSE: TU), crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients’ products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.
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