TELUS (TSE:T) Reaches New 52-Week Low – Should You Sell?

TELUS Co. (TSE:T) (NYSE:TU)’s share price reached a new 52-week low during trading on Friday . The company traded as low as C$12.93 and last traded at C$13.11, with a volume of 8591072 shares. The stock had previously closed at C$15.08.

Analyst Ratings Changes

A number of analysts have recently weighed in on T shares. Royal Bank Of Canada lowered their target price on TELUS from C$22.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. TD Securities upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Barclays lowered their price objective on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. Scotiabank dropped their target price 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. Finally, TD upgraded shares of TELUS from a “hold” rating to a “buy” rating and upped their target price for the stock from C$19.00 to C$20.00 in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$18.68.

TELUS Price Performance

The stock has a 50-day simple moving average of C$15.80 and a 200 day simple moving average of C$17.24. The stock has a market capitalization of C$20.83 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%.The company had revenue of C$4.92 billion during the quarter. On average, equities analysts forecast that TELUS Co. 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.