National Bank Financial Cuts TELUS (TSE:T) Price Target to C$13.00

TELUS (TSE:T) (NYSE:TU) had its target price reduced by stock analysts at National Bank Financial from C$15.00 to C$13.00 in a research note issued to investors on Wednesday, BayStreet reports. National Bank Financial’s price target indicates a potential upside of 7.71% from the stock’s previous close.

A number of other equities research analysts have also recently commented on T. Barclays decreased their price target on TELUS from C$19.00 to C$17.00 in a research note on Thursday, July 16th. Morgan Stanley downgraded shares of TELUS from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. 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 report on Tuesday, July 7th. Canaccord Genuity Group lowered their price objective on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a research note on Friday, July 10th. Finally, Royal Bank Of Canada downgraded TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, TELUS has an average rating of “Hold” and an average target price of C$18.11.

TELUS Trading Up 4.3%

T stock traded up C$0.50 during mid-day trading on Wednesday, reaching C$12.07. The company had a trading volume of 6,252,335 shares, compared to its average volume of 8,000,116. The firm has a 50 day moving average of C$13.31 and a 200 day moving average of C$15.51. The company has a market capitalization of C$19.01 billion, a PE ratio of -20.46, a price-to-earnings-growth ratio of 1.65 and a beta of 0.53. TELUS has a 12 month low of C$11.53 and a 12 month high of C$22.09. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$4.92 billion during the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. On average, equities analysts predict that TELUS 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.