National Bankshares Upgrades TELUS (TSE:T) to “Outperform”

TELUS (TSE:T) (NYSE:TU) was upgraded by analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a C$21.00 price target on the stock, down from their previous price target of C$23.00. National Bankshares’ price target would indicate a potential upside of 11.58% from the company’s current price.

Several other equities analysts have also commented on T. Desjardins reduced their target price on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. JPMorgan Chase & Co. lowered shares of TELUS from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from C$22.00 to C$19.00 in a research note on Tuesday. Scotiabank lifted their price target on shares of TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, September 8th. CIBC raised their price target on TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. Finally, BMO Capital Markets reduced their price objective on TELUS from C$24.00 to C$23.00 in a research note on Monday, November 10th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$22.77.

TELUS Price Performance

T stock traded down C$0.18 during midday trading on Wednesday, reaching C$18.82. 8,572,745 shares of the stock were exchanged, compared to its average volume of 4,229,367. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. TELUS has a 52 week low of C$18.68 and a 52 week high of C$23.29. The stock has a market capitalization of C$29.13 billion, a PE ratio of 24.13, a P/E/G ratio of 1.65 and a beta of 0.93. The company has a fifty day moving average price of C$21.25 and a 200 day moving average price of C$21.89.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.32 EPS for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The firm had revenue of C$5.07 billion during the quarter. As a group, analysts expect that TELUS will post 1.2267985 EPS for the current fiscal year.

About TELUS

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.