TELUS (TSE:T) Price Target Cut to C$16.50 by Analysts at ATB Cormark Capital Markets

TELUS (TSE:T – Get Free Report) (NYSE:TU) had its price target dropped by equities research analysts at ATB Cormark Capital Markets from C$19.00 to C$16.50 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 9.49% from the stock’s previous close.

T has been the subject of a number of other reports. Canaccord Genuity Group decreased their target price on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a research note on Friday, July 10th. Royal Bank Of Canada cut their target price on TELUS from C$22.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. TD Securities upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Barclays lowered their target price on TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. Finally, TD upgraded TELUS from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$19.00 to C$20.00 in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, TELUS currently has a consensus rating of “Hold” and a consensus target price of C$18.68.

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TELUS Stock Up 2.6%

TELUS stock traded up C$0.38 during mid-day trading on Tuesday, hitting C$15.07. The company had a trading volume of 4,206,901 shares, compared to its average volume of 7,470,001. The company has a market capitalization of C$23.53 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The stock’s 50 day moving average price is C$15.90 and its two-hundred day moving average price is C$17.31. TELUS has a 12 month low of C$14.02 and a 12 month high of C$23.18. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56.

TELUS (TSE:T – Get Free Report) (NYSE:TU) last announced its quarterly earnings data on Friday, May 8th. The company reported C$0.23 EPS for the quarter. TELUS had a net margin of 4.57% and a return on equity of 6.41%. The company had revenue of C$4.99 billion for the quarter. As a group, sell-side analysts anticipate that TELUS 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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