TELUS (TSE:T) Hits New 12-Month Low – Here’s Why

TELUS Co. (TSE:T) (NYSE:TU)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$12.47 and last traded at C$12.49, with a volume of 1157215 shares changing hands. The stock had previously closed at C$12.66.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group lowered their target price on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a report on Friday, July 10th. Raymond James Financial set a C$18.50 price target on shares of TELUS and gave the company a “market perform” rating in a research report on Thursday, July 16th. ATB Cormark Capital Markets decreased their price objective on shares of TELUS from C$19.00 to C$16.50 and set a “sector perform” rating on the stock in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Finally, Desjardins cut shares of TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$18.68.

TELUS Price Performance

The stock has a fifty day moving average of C$13.83 and a 200-day moving average of C$15.97. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85. The firm has a market capitalization of C$19.66 billion, a P/E ratio of -21.15, a PEG ratio of 1.65 and a beta of 0.53.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, July 31st. The company reported C$0.16 EPS for the quarter. The firm had revenue of C$4.92 billion for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. Equities analysts predict that TELUS Co. will post 1.2267985 EPS for the current fiscal year.

About TELUS

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.