TELUS (TSE:T) Given New C$21.50 Price Target at National Bankshares

TELUS (TSE:T) (NYSE:TU) had its price objective boosted by investment analysts at National Bankshares from C$21.00 to C$21.50 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 14.73% from the company’s previous close.

Several other equities analysts have also commented on T. Natl Bk Canada upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. BMO Capital Markets lowered their price target on TELUS from C$24.00 to C$23.00 in a report on Monday, November 10th. Desjardins dropped their price objective on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Canaccord Genuity Group raised shares of TELUS from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, CIBC upped their price target on shares of TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$22.82.

TELUS Trading Up 1.0%

Shares of T traded up C$0.19 on Thursday, hitting C$18.74. 4,720,482 shares of the stock traded hands, compared to its average volume of 4,459,491. TELUS has a 1 year low of C$17.92 and a 1 year high of C$23.29. The stock’s 50 day moving average is C$20.48 and its two-hundred day moving average is C$21.65. The firm has a market capitalization of C$29.01 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.65 and a beta of 0.93. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The company had revenue of C$5.07 billion during the quarter. As a group, sell-side analysts predict that TELUS will post 1.2267985 earnings per share for the current year.

TELUS Company Profile

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.