TELUS Co. (TSE:T) Receives Average Recommendation of “Hold” from Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$18.11.

Several brokerages have recently commented on T. Desjardins lowered TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada cut TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Scotiabank decreased 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 report on Tuesday, July 7th. ATB Cormark Capital Markets lowered their target price on shares of TELUS from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 28th. Finally, Morgan Stanley cut shares of TELUS from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from C$20.00 to C$13.00 in a report on Tuesday, July 21st.

TELUS Stock Performance

Shares of T stock opened at C$11.19 on Friday. The stock has a market capitalization of C$17.62 billion, a price-to-earnings ratio of -18.97, a PEG ratio of 1.65 and a beta of 0.59. TELUS has a one year low of C$11.06 and a one year high of C$21.74. The company’s 50-day simple moving average is C$13.01 and its 200-day simple moving average is C$15.27. The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data 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. Equities analysts anticipate 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.