Brokerages Set TELUS Co. (TSE:T) Price Target at C$20.27

TELUS Co. (TSE:T) (NYSE:TU) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$20.27.

A number of analysts recently weighed in on T shares. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Canaccord Genuity Group downgraded shares of TELUS from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$21.00 to C$17.50 in a research note on Thursday, April 9th. Barclays reduced their target price on shares of TELUS from C$20.00 to C$19.00 in a research report on Tuesday, April 14th. TD raised 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 research report on Tuesday, April 28th. Finally, Scotiabank lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th.

TELUS Stock Performance

TELUS stock opened at C$15.00 on Wednesday. The company has a debt-to-equity ratio of 199.56, a current ratio of 0.67 and a quick ratio of 0.52. TELUS has a 1-year low of C$14.95 and a 1-year high of C$23.18. The firm has a market capitalization of C$23.42 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. The company’s 50-day moving average is C$16.81 and its 200 day moving average is C$17.72.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.23 earnings per share for the quarter. TELUS had a net margin of 4.57% and a return on equity of 6.41%. The company had revenue of C$4.99 billion for the quarter. Research analysts forecast that TELUS will post 1.2267985 EPS for the current year.

TELUS Company Profile

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.