Desjardins Cuts TELUS (TSE:T) Price Target to C$19.00

TELUS (TSE:T) (NYSE:TU) had its target price lowered by Desjardins from C$21.00 to C$19.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently issued reports on the stock. Royal Bank Of Canada lowered their price target on shares of TELUS from C$22.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, July 10th. TD Securities raised TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. TD raised TELUS from a “hold” rating to a “buy” rating and raised their price objective for the company from C$19.00 to C$20.00 in a report on Tuesday, April 28th. Scotiabank reduced their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 7th. Finally, Barclays lowered their target price on TELUS from C$20.00 to C$19.00 in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$19.36.

TELUS Trading Down 2.0%

T opened at C$14.56 on Wednesday. The company has a market cap of C$22.73 billion, a P/E ratio of 24.27, a PEG ratio of 1.65 and a beta of 0.47. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56. The company’s 50 day moving average is C$16.21 and its 200-day moving average is C$17.46. TELUS has a 1-year low of C$14.28 and a 1-year high of C$23.18.

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