TELUS Co. (TSE:T) Receives C$18.68 Consensus Price Target from Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$18.68.

Several research analysts have recently commented on the company. Morgan Stanley lowered TELUS from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from C$20.00 to C$13.00 in a report on Tuesday, July 21st. 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. Scotiabank dropped their price target 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. National Bank Financial downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Desjardins lowered shares of TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th.

TELUS Price Performance

T stock opened at C$12.60 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85. The firm has a 50-day moving average of C$13.91 and a two-hundred day moving average of C$16.05. TELUS has a 12 month low of C$12.52 and a 12 month high of C$22.17. The company has a market cap of C$19.84 billion, a price-to-earnings ratio of -21.36, a PEG ratio of 1.65 and a beta of 0.53.

TELUS (TSE:T) (NYSE:TU) last issued its 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 business had revenue of C$4.92 billion for the quarter. As a group, analysts forecast 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.