TELUS Co. (TSE:T) Receives Consensus Rating of “Hold” from Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$18.86.

A number of equities analysts recently issued reports on T shares. Canaccord Genuity Group lowered their price objective on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a report on Friday, July 10th. Royal Bank Of Canada reduced their target price on TELUS from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Raymond James Financial set a C$18.50 target price on TELUS and gave the stock a “market perform” rating in a report on Thursday, July 16th. TD Securities raised TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, 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.

TELUS Stock Down 1.0%

Shares of TELUS stock opened at C$14.23 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56. The company’s fifty day simple moving average is C$15.99 and its two-hundred day simple moving average is C$17.36. The company has a market cap of C$22.22 billion, a P/E ratio of 23.72, a PEG ratio of 1.65 and a beta of 0.47. TELUS has a 12-month low of C$14.02 and a 12-month high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, May 8th. The company reported C$0.23 EPS for the quarter. TELUS had a net margin of 4.57% and a return on equity of 6.41%. The firm had revenue of C$4.99 billion during the quarter. Research analysts anticipate that TELUS will post 1.2267985 EPS for the current 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.