TELUS (TSE:T) Sets New 52-Week Low – Time to Sell?

TELUS Co. (TSE:T) (NYSE:TU)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$14.96 and last traded at C$15.04, with a volume of 4411077 shares traded. The stock had previously closed at C$15.33.

Analyst Upgrades and Downgrades

T has been the topic of a number of research reports. Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$21.00 to C$17.50 in a report on Thursday, April 9th. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Desjardins set a C$21.00 target price on TELUS and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Scotiabank downgraded 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 price objective on TELUS from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TELUS currently has a consensus rating of “Moderate Buy” and an average target price of C$20.27.

TELUS Stock Performance

The company has a market cap of C$22.31 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. The company’s fifty day moving average is C$16.77 and its 200 day moving average is C$17.70. 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) (NYSE:TU) last announced 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 firm had revenue of C$4.99 billion during the quarter. As a group, equities analysts predict that TELUS Co. will post 1.2267985 earnings per share for the current fiscal year.

TELUS Company Profile

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.