TELUS Co. (TSE:T) Receives C$18.68 Average Target Price from Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$18.68.

A number of analysts recently weighed in on the stock. TD upgraded shares of TELUS from a “hold” rating to a “buy” rating and raised their target price for the stock from C$19.00 to C$20.00 in a report on Tuesday, April 28th. Raymond James Financial set a C$18.50 price target on TELUS and gave the company a “market perform” rating in a report on Thursday, July 16th. ATB Cormark Capital Markets cut their price objective on TELUS from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 28th. Scotiabank reduced their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 7th. Finally, Morgan Stanley cut TELUS from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from C$20.00 to C$13.00 in a report on Tuesday, July 21st.

TELUS Price Performance

Shares of TSE T opened at C$13.54 on Thursday. TELUS has a twelve month low of C$12.93 and a twelve month high of C$23.18. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85. The company has a market capitalization of C$21.33 billion, a price-to-earnings ratio of -22.95, a PEG ratio of 1.65 and a beta of 0.48. The firm has a 50-day moving average of C$14.97 and a two-hundred day moving average of C$16.85.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$4.92 billion during the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. As a group, analysts expect 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.