TELUS (TSE:T) Reaches New 52-Week Low – Here’s What Happened

TELUS Co. (TSE:T) (NYSE:TU) shares hit a new 52-week low on Thursday . The company traded as low as C$16.18 and last traded at C$16.27, with a volume of 4491075 shares trading hands. The stock had previously closed at C$16.49.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on T. Desjardins set a C$21.00 price target on TELUS and gave the stock a “buy” rating in a research note on Wednesday, May 13th. TD Securities raised TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and reduced their price target for the company from C$21.00 to C$17.50 in a research report on Thursday, April 9th. TD upgraded shares of TELUS from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. Finally, Scotiabank lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.27.

TELUS Trading Down 1.3%

The company has a market capitalization of C$25.40 billion, a P/E ratio of 27.12, a PEG ratio of 1.65 and a beta of 0.43. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67. The stock has a fifty day moving average of C$16.99 and a 200 day moving average of C$17.88.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Friday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter. The business had revenue of C$4.99 billion during the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. As a group, equities research analysts anticipate that TELUS Co. will post 1.2267985 EPS for the current fiscal 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.