TELUS (TSE:T) Stock Gets Price Target Trim from Scotiabank

TELUS (TSE:T) (NYSE:TU) had its price objective reduced by Scotiabank from C$17.00 to C$15.25 in a report issued on Tuesday,BayStreet reports. They currently have a sector perform rating on the stock.

Other equities analysts have also issued research reports about the company. ATB Cormark Capital Markets lowered their price target on TELUS from C$13.50 to C$12.00 and set a “hold” rating for the company in a research report on Monday. Barclays cut their price objective on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. Canadian Imperial Bank of Commerce reduced their price objective on shares of TELUS from C$15.00 to C$14.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Raymond James Financial set a C$18.50 target price on shares of TELUS and gave the stock a “market perform” rating in a report on Thursday, July 16th. Finally, Royal Bank Of Canada cut shares of TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. One 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 stock. According to data from MarketBeat.com, TELUS has an average rating of “Hold” and an average target price of C$16.30.

TELUS Stock Up 5.0%

TSE:T opened at C$12.37 on Tuesday. The firm’s 50-day moving average price is C$12.48 and its 200-day moving average price is C$14.74. The company has a market capitalization of C$19.48 billion, a PE ratio of -20.97, 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 current ratio of 0.67 and a quick ratio of 0.52. TELUS has a 1-year low of C$10.89 and a 1-year high of C$21.37.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. The company had revenue of C$4.92 billion during the quarter. On average, equities analysts predict that TELUS will post 1.23 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.