National Bank Financial Cuts TELUS (TSE:T) Price Target to C$13.00

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by National Bank Financial from C$15.00 to C$13.00 in a research report released on Wednesday morning,BayStreet reports.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada downgraded shares of TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. ATB Cormark Capital Markets decreased their target price on shares of TELUS from C$19.00 to C$16.50 and set a “sector perform” rating on the stock in a research note on Tuesday, July 28th. 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. Scotiabank reduced their price target on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 7th. Finally, Morgan Stanley cut shares of TELUS from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$18.11.

TELUS Stock Down 1.4%

T stock opened at C$11.47 on Wednesday. TELUS has a 52 week low of C$11.45 and a 52 week high of C$21.94. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85. The firm has a 50-day simple moving average of C$13.15 and a 200-day simple moving average of C$15.39. The stock has a market capitalization of C$18.07 billion, a P/E ratio of -19.44, a P/E/G ratio of 1.65 and a beta of 0.53.

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

About TELUS

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.