ATB Cormark Capital Markets Cuts TELUS (TSE:T) Price Target to C$16.50

TELUS (TSE:T) (NYSE:TU) had its price objective decreased by ATB Cormark Capital Markets from C$19.00 to C$16.50 in a research note published on Tuesday,BayStreet.CA reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

T has been the subject of a number of other research reports. Barclays cut their price objective on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. Royal Bank Of Canada lowered their price target on TELUS from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Canaccord Genuity Group lowered their price target on TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday, July 10th. Morgan Stanley cut TELUS from an “equal weight” rating to an “underweight” rating and cut their price target for the company from C$20.00 to C$13.00 in a report on Tuesday, July 21st. Finally, Desjardins reduced their price objective on TELUS from C$21.00 to C$19.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$18.68.

TELUS Trading Down 3.6%

Shares of T stock opened at C$15.08 on Tuesday. The firm has a market capitalization of C$23.55 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. TELUS has a 1 year low of C$14.02 and a 1 year high of C$23.18. The firm’s fifty day simple moving average is C$15.80 and its 200 day simple moving average is C$17.24. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.23 earnings per share for the quarter. The firm had revenue of C$4.99 billion during the quarter. TELUS had a net margin of 4.57% and a return on equity of 6.41%. As a group, sell-side analysts predict 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.