TELUS (TSE:T) Downgraded by Royal Bank Of Canada to Hold

TELUS (TSE:T – Get Free Report) (NYSE:TU) was downgraded by stock analysts at Royal Bank Of Canada from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other analysts also recently commented on T. TD upgraded TELUS from a “hold” rating to a “buy” rating and upped their target price for the stock from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. National Bank Financial cut TELUS from a “strong-buy” rating to a “hold” rating in a research report on Monday. Canadian Imperial Bank of Commerce downgraded TELUS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Raymond James Financial set a C$18.50 price objective on TELUS and gave the stock a “market perform” rating in a research report on Thursday, July 16th. Finally, TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$18.68.

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TELUS Trading Up 0.1%

TSE T opened at C$13.39 on Tuesday. TELUS has a 1 year low of C$12.93 and a 1 year high of C$23.18. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52. The company has a market capitalization of C$20.91 billion, a PE ratio of -22.69, a P/E/G ratio of 1.65 and a beta of 0.47. The company has a fifty day moving average of C$15.56 and a 200 day moving average of C$17.13.

TELUS (TSE:T – Get Free Report) (NYSE:TU) last announced its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$4.92 billion for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. Research analysts forecast that TELUS will post 1.2267985 earnings per share for the current year.

About TELUS

(Get Free Report)

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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