TELUS (TSE:T) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of TELUS (TSE:T) (NYSE:TU) from a hold rating to a buy rating in a report published on Thursday, MarketBeat.com reports.

Several other equities research analysts have also recently commented on the stock. Natl Bk Canada raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Desjardins lowered their price objective on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Scotiabank upped their target price on TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, September 8th. National Bankshares raised TELUS from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from C$23.00 to C$21.00 in a research report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. cut TELUS from a “neutral” rating to an “underweight” rating and lowered their target price for the company from C$22.00 to C$19.00 in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, TELUS has an average rating of “Moderate Buy” and an average target price of C$22.82.

TELUS Price Performance

Shares of T stock opened at C$18.70 on Thursday. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. TELUS has a fifty-two week low of C$17.92 and a fifty-two week high of C$23.29. The firm has a market cap of C$28.95 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.65 and a beta of 0.90. The business’s 50 day moving average price is C$20.35 and its 200-day moving average price is C$21.60.

TELUS (TSE:T) (NYSE:TU) last announced its earnings results on Friday, November 7th. The company reported C$0.24 EPS for the quarter. The company had revenue of C$5.07 billion during the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%. On average, equities research analysts anticipate that TELUS will post 1.2267985 earnings per share for the current year.

About TELUS

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.