TELUS (TSE:T) Reaches New 52-Week Low – Time to Sell?

Shares of TELUS Co. (TSE:T) (NYSE:TU) hit a new 52-week low during trading on Thursday . The company traded as low as C$17.04 and last traded at C$17.21, with a volume of 735713 shares trading hands. The stock had previously closed at C$17.44.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. National Bank Financial decreased their price target on shares of TELUS from C$21.50 to C$21.00 and set an “outperform” rating for the company in a research note on Tuesday, December 30th. Morgan Stanley decreased their price target on shares of TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. Desjardins decreased their price target on shares of TELUS from C$23.00 to C$21.50 and set a “buy” rating for the company in a research note on Tuesday. TD Securities lowered shares of TELUS from a “buy” rating to a “hold” rating and decreased their price target for the company from C$21.00 to C$19.00 in a research note on Thursday, April 2nd. Finally, Scotiabank decreased their price target on shares of TELUS from C$22.50 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, TELUS presently has a consensus rating of “Hold” and a consensus target price of C$20.70.

TELUS Stock Down 2.4%

The company has a debt-to-equity ratio of 199.42, a quick ratio of 0.52 and a current ratio of 0.86. The firm has a market cap of C$26.62 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 1.65 and a beta of 0.56. The stock’s 50 day simple moving average is C$18.46 and its 200 day simple moving average is C$19.17.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Thursday, February 12th. The company reported C$0.20 earnings per share (EPS) for the quarter. TELUS had a net margin of 5.47% and a return on equity of 7.68%. The firm had revenue of C$5.23 billion during the quarter. Research analysts anticipate that TELUS Co. will post 1.2267985 EPS for the current year.

About TELUS

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.