TELUS (TSE:T) Hits New 1-Year Low – Here’s What Happened

Shares of TELUS Co. (TSE:T) (NYSE:TU) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$12.17 and last traded at C$12.20, with a volume of 8851221 shares. The stock had previously closed at C$12.31.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on T. Canaccord Genuity Group cut their price target on TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a report on Friday, July 10th. Morgan Stanley lowered TELUS from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. Raymond James Financial set a C$18.50 target price on TELUS and gave the company a “market perform” rating in a research note on Thursday, July 16th. Barclays reduced their price target on TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. Finally, Scotiabank decreased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, TELUS presently has a consensus rating of “Hold” and an average price target of C$18.68.

TELUS Stock Performance

The company has a market capitalization of C$18.93 billion, a price-to-earnings ratio of -20.37, a P/E/G ratio of 1.65 and a beta of 0.53. The stock’s 50 day moving average price is C$13.53 and its 200 day moving average price is C$15.70. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%.The business had revenue of C$4.92 billion for the quarter. Analysts expect that TELUS Co. will post 1.2267985 earnings per share for the current 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.