National Bankshares Cuts TELUS (TSE:T) Price Target to C$21.00

TELUS (TSE:T) (NYSE:TU) had its target price reduced by equities research analysts at National Bankshares from C$21.50 to C$21.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 17.25% from the company’s current price.

A number of other brokerages have also recently weighed in on T. BMO Capital Markets cut shares of TELUS from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$23.00 to C$19.00 in a report on Thursday, December 11th. JPMorgan Chase & Co. downgraded shares of TELUS from a “neutral” rating to an “underweight” rating and cut their price objective for the company from C$22.00 to C$19.00 in a research report on Tuesday, November 18th. CIBC raised their price target on shares of TELUS from C$24.00 to C$25.00 in a research note on Friday, October 17th. Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Finally, Canaccord Genuity Group raised TELUS from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TELUS currently has a consensus rating of “Moderate Buy” and an average price target of C$22.21.

TELUS Stock Up 0.8%

Shares of TSE T traded up C$0.14 during mid-day trading on Tuesday, hitting C$17.91. The company had a trading volume of 2,933,511 shares, compared to its average volume of 4,801,248. The company has a market capitalization of C$27.78 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The business’s 50-day simple moving average is C$19.13 and its 200 day simple moving average is C$21.08. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. TELUS has a 1-year low of C$17.26 and a 1-year high of C$23.29.

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

TELUS Company Profile

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. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.