TELUS (TSE:T) PT Set at C$23.00 by Desjardins

TELUS (TSE:T) (NYSE:TU) received a C$23.00 price target from research analysts at Desjardins in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 23.19% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. Natl Bk Canada raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. cut TELUS from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from C$22.00 to C$19.00 in a report on Tuesday, November 18th. Scotiabank dropped their price target on TELUS from C$26.00 to C$22.50 and set an “outperform” rating on the stock in a research note on Monday. TD Securities reduced their price objective on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Monday, December 15th. Finally, BMO Capital Markets downgraded TELUS from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$23.00 to C$19.00 in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, TELUS currently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.83.

TELUS Stock Up 0.5%

Shares of TSE T traded up C$0.09 during mid-day trading on Monday, reaching C$18.67. 1,804,716 shares of the company’s stock were exchanged, compared to its average volume of 5,437,315. The firm has a market capitalization of C$28.96 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 1.65 and a beta of 0.85. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The business has a fifty day simple moving average of C$18.64 and a 200 day simple moving average of C$20.84. TELUS has a twelve month low of C$17.26 and a twelve month high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The business had revenue of C$5.07 billion during the quarter. As a group, equities analysts expect that TELUS will post 1.2267985 EPS for the current fiscal 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.