TELUS Co. (TSE:T) Stock Has Consensus Price Target of C$18.11 According to Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$16.89.

Several brokerages recently issued reports on T. Morgan Stanley lowered TELUS from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. Desjardins lowered their price target on shares of TELUS from C$13.50 to C$13.00 and set a “hold” rating on the stock in a report on Wednesday. ATB Cormark Capital Markets dropped their price objective on shares of TELUS from C$19.00 to C$16.50 and set a “sector perform” rating on the stock in a research note on Tuesday, July 28th. Royal Bank Of Canada cut TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Barclays dropped their target price on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th.

TELUS Price Performance

TSE T opened at C$11.43 on Friday. The company has a market cap of C$18.00 billion, a PE ratio of -19.37, a P/E/G ratio of 1.65 and a beta of 0.59. The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. TELUS has a 52-week low of C$11.06 and a 52-week high of C$21.63. The firm’s 50 day moving average price is C$12.85 and its 200-day moving average price is C$15.18.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%.The firm had revenue of C$4.92 billion during the quarter. Sell-side analysts forecast that TELUS 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.