TELUS (TSE:T) Hits New 12-Month Low – Should You Sell?

TELUS Co. (TSE:T – Get Free Report) (NYSE:TU)’s stock price reached a new 52-week low on Wednesday . The company traded as low as C$16.05 and last traded at C$16.30, with a volume of 6853285 shares changing hands. The stock had previously closed at C$16.07.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$21.00 to C$17.50 in a research report on Thursday, April 9th. TD raised shares of TELUS from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$19.00 to C$20.00 in a research report on Tuesday, April 28th. Barclays reduced their price objective on shares of TELUS from C$20.00 to C$19.00 in a research note on Tuesday, April 14th. Scotiabank lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Royal Bank Of Canada dropped 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$20.27.

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TELUS Stock Down 1.7%

The company has a market capitalization of C$24.59 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.65 and a beta of 0.43. The company has a debt-to-equity ratio of 199.56, a current ratio of 0.67 and a quick ratio of 0.52. The firm’s fifty day moving average price is C$16.90 and its 200-day moving average price is C$17.78.

TELUS (TSE:T – Get Free Report) (NYSE:TU) last released its quarterly earnings data on Friday, May 8th. The company reported C$0.23 earnings per share for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%.The company had revenue of C$4.99 billion for the quarter. Sell-side analysts expect that TELUS Co. will post 1.2267985 earnings per share for the current fiscal year.

TELUS Company Profile

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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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