TELUS (TSE:T) Price Target Cut to C$19.00 by Analysts at Scotiabank

TELUS (TSE:T) (NYSE:TU) had its price target cut by investment analysts at Scotiabank from C$20.00 to C$19.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 27.77% from the stock’s previous close.

Several other analysts have also weighed in on the company. Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating and lowered their target price for the company from C$21.00 to C$17.50 in a report on Thursday, April 9th. Royal Bank Of Canada decreased their price objective on shares of TELUS from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Desjardins set a C$21.00 target price on shares of TELUS and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Barclays cut their target price on shares of TELUS from C$20.00 to C$19.00 in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$20.04.

TELUS Price Performance

Shares of T stock traded up C$0.32 during midday trading on Tuesday, reaching C$14.87. 3,793,046 shares of the company traded hands, compared to its average volume of 7,558,760. The firm’s 50 day simple moving average is C$16.68 and its two-hundred day simple moving average is C$17.65. The firm has a market cap of C$23.22 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The company has a debt-to-equity ratio of 199.56, a current ratio of 0.67 and a quick ratio of 0.52. TELUS has a 1-year low of C$14.28 and a 1-year high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Friday, May 8th. The company reported C$0.23 earnings per share for the quarter. The business had revenue of C$4.99 billion for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. On average, equities research analysts expect that TELUS will post 1.2267985 EPS 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.