TELUS (TSE:T) Stock Price Target Lowered at Canadian Imperial Bank of Commerce

TELUS (TSE:T) (NYSE:TU) had its target price decreased by equities researchers at Canadian Imperial Bank of Commerce from C$15.00 to C$14.00 in a research note issued on Thursday, BayStreet reports. The firm presently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 22.81% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Desjardins decreased their target price on TELUS from C$13.50 to C$13.00 and set a “hold” rating for the company in a research note on Wednesday. ATB Cormark Capital Markets reduced their price objective on shares of TELUS from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 28th. Scotiabank lowered their price objective on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 7th. Barclays dropped their target price on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada lowered shares of TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$16.89.

TELUS Trading Up 0.5%

TSE T traded up C$0.06 during mid-day trading on Thursday, reaching C$11.40. 3,492,635 shares of the stock were exchanged, compared to its average volume of 8,014,285. The stock has a market cap of C$17.95 billion, a P/E ratio of -19.32, a P/E/G ratio of 1.65 and a beta of 0.59. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52. TELUS has a one year low of C$11.06 and a one year high of C$21.63. The stock has a 50 day simple moving average of C$12.92 and a 200-day simple moving average of C$15.23.

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