TELUS Co. (TSE:T) Receives C$18.68 Consensus Price Target from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$18.68.

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada cut TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Canaccord Genuity Group reduced 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 report on Friday, July 10th. Scotiabank lowered their price target on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 7th. Morgan Stanley lowered TELUS from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. Finally, Barclays lowered their price target on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th.

TELUS Stock Performance

TSE T opened at C$13.07 on Monday. The firm has a market capitalization of C$20.59 billion, a P/E ratio of -22.15, a PEG ratio of 1.65 and a beta of 0.53. The stock has a 50-day simple moving average of C$13.99 and a two-hundred day simple moving average of C$16.14. The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. TELUS has a fifty-two week low of C$12.93 and a fifty-two week high of C$22.27.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, July 31st. The company reported C$0.16 EPS for the quarter. The firm 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%. On average, equities analysts forecast that TELUS will post 1.2267985 earnings per share for the current year.

TELUS News Summary

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: Investor attention is turning to whether Victor Dodig can help improve TELUS’s performance and address the company’s operational and financial challenges. A successful turnaround under new or strengthened leadership could support the stock’s valuation. Can Victor Dodig fix Telus?
• Positive Sentiment: TELUS has updated its bring-your-own-device plans so that all now offer speeds of up to 2 Gbps. The faster service could improve customer appeal and competitiveness, though the change comes with the removal of shareable data from these plans. TELUS Removes Shareable Data From BYOD Plans
• Neutral Sentiment: TELUS is suing a former employee or manager, alleging that approximately $1.1 million was charged to company credit cards to purchase thousands of items for resale or personal benefit. The company is seeking recovery, but the alleged amount is small relative to TELUS’s overall scale; the case could nevertheless raise governance and internal-control concerns. TELUS sues former employee
• Negative Sentiment: The lawsuit headlines may weigh on sentiment by highlighting alleged oversight failures and adding another reputational issue while investors are already focused on TELUS’s weak profitability, heavy leverage and difficult turnaround prospects. TELUS sues ex-employee for $1-million
• Negative Sentiment: Removing data sharing from bring-your-own-device plans could frustrate some customers and reduce the value of existing offerings, potentially increasing churn or competitive pressure despite the higher advertised speeds.

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.