TELUS (TSE:T – Get Free Report) (NYSE:TU) had its price target cut by stock analysts at Barclays from C$20.00 to C$19.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Barclays‘s price target indicates a potential upside of 13.16% from the stock’s previous close.
Several other research analysts have also recently weighed in on T. Desjardins decreased their price objective on shares of TELUS from C$23.00 to C$21.50 and set a “buy” rating for the company in a report on Tuesday, April 7th. National Bank Financial cut their target price on shares of TELUS from C$21.50 to C$21.00 and set an “outperform” rating for the company in a research report on Tuesday, December 30th. ATB Cormark Capital Markets cut their target price on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. Royal Bank Of Canada cut their target price on shares of TELUS from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. Finally, TD Securities lowered shares of TELUS from a “buy” rating to a “hold” rating and cut their target price for the company from C$21.00 to C$19.00 in a research report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$20.33.
Check Out Our Latest Stock Analysis on T
TELUS Stock Performance
TELUS (TSE:T – Get Free Report) (NYSE:TU) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.20 earnings per share for the quarter. TELUS had a net margin of 5.47% and a return on equity of 7.68%. The firm had revenue of C$5.23 billion during the quarter. Equities analysts anticipate that TELUS will post 1.2267985 earnings per share for the current year.
About TELUS
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. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.
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