National Bankshares Cuts TELUS (TSE:T) Price Target to C$21.00

TELUS (TSE:T) (NYSE:TU) had its target price cut by National Bankshares from C$21.50 to C$21.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also commented on T. Scotiabank increased their price target 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. CIBC increased their target price on shares of TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. Morgan Stanley cut their price target on shares of TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. Desjardins reduced their price target on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Finally, Natl Bk Canada raised TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$22.21.

TELUS Stock Up 1.2%

TELUS stock opened at C$18.09 on Tuesday. The stock has a market cap of C$28.06 billion, a PE ratio of 23.19, a P/E/G ratio of 1.65 and a beta of 0.90. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The stock’s fifty day moving average is C$18.94 and its two-hundred day moving average is C$21.01. TELUS has a 1-year low of C$17.26 and a 1-year high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.24 earnings per share (EPS) 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. On average, sell-side 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. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.