TELUS Co. (T.TO) – What Are Researchers Thinking About This Stock?

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$16.30.

T has been the topic of several research reports. Barclays cut their target price on TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. Raymond James Financial set a C$18.50 price target on TELUS and gave the company a “market perform” rating in a research report on Thursday, July 16th. Desjardins dropped their price target on TELUS from C$13.50 to C$13.00 and set a “hold” rating for the company in a research note on Wednesday, October 7th. National Bank Financial cut their price objective on TELUS from C$15.00 to C$13.00 in a report on Wednesday, September 30th. Finally, Morgan Stanley lowered TELUS from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from C$20.00 to C$13.00 in a research note on Tuesday, July 21st.

TELUS Stock Up 2.1%

Shares of TSE:T opened at C$12.63 on Tuesday. The stock’s 50-day moving average price is C$12.29 and its two-hundred day moving average price is C$15.69. 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 has a 12-month low of C$10.89 and a 12-month high of C$20.97. The firm has a market cap of C$19.89 billion, a price-to-earnings ratio of -21.41, a PEG ratio of 1.65 and a beta of 0.59.

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. The firm had revenue of C$4.92 billion during the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. On average, research analysts forecast that TELUS will post 1.23 EPS 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.