TELUS (TSE:T) Reaches New 12-Month Low on Analyst Downgrade

Shares of TELUS Co. (TSE:T) (NYSE:TU) reached a new 52-week low during mid-day trading on Thursday after Morgan Stanley lowered their price target on the stock from C$25.00 to C$20.00. The stock traded as low as C$17.53 and last traded at C$17.82, with a volume of 2834484 shares changing hands. The stock had previously closed at C$18.30.

Several other analysts have also weighed in on T. Scotiabank boosted their target price on shares of TELUS from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, September 8th. National Bankshares boosted their price objective on shares of TELUS from C$21.00 to C$21.50 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Finally, CIBC upped their price objective on TELUS from C$24.00 to C$25.00 in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$22.58.

TELUS Stock Down 2.3%

The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The company has a market cap of C$27.66 billion, a P/E ratio of 22.91, a P/E/G ratio of 1.65 and a beta of 0.90. The stock has a 50 day moving average price of C$20.14 and a 200 day moving average price of C$21.52.

TELUS (TSE:T) (NYSE:TU) last announced its 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 business had revenue of C$5.07 billion during the quarter. Research analysts expect that TELUS Co. will post 1.2267985 earnings per share for the current fiscal 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.