Desjardins Issues Pessimistic Forecast for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its price target lowered by equities research analysts at Desjardins from C$13.50 to C$13.00 in a note issued to investors on Wednesday, BayStreet reports. The firm presently has a “hold” rating on the stock. Desjardins’ target price points to a potential upside of 14.64% from the company’s current price.

Several other equities analysts have also issued reports on the company. Scotiabank lowered their price target on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 7th. Royal Bank Of Canada downgraded shares of TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Raymond James Financial set a C$18.50 price objective on shares of TELUS and gave the company a “market perform” rating in a research note on Thursday, July 16th. ATB Cormark Capital Markets dropped their target price 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. Finally, Canadian Imperial Bank of Commerce downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$17.68.

TELUS Stock Up 1.3%

Shares of T traded up C$0.15 during mid-day trading on Wednesday, reaching C$11.34. The company had a trading volume of 5,929,738 shares, compared to its average volume of 8,018,441. The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. The firm has a 50-day moving average price of C$13.01 and a 200 day moving average price of C$15.27. TELUS has a 52 week low of C$11.06 and a 52 week high of C$21.68. The company has a market capitalization of C$17.86 billion, a price-to-earnings ratio of -19.22, a price-to-earnings-growth ratio of 1.65 and a beta of 0.59.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$4.92 billion during the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. On average, sell-side 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.