TELUS (TSE:T) (NYSE:TU) had its price target reduced by equities research analysts at Citigroup from C$54.00 to C$52.00 in a report issued on Friday. Citigroup’s price target points to a potential upside of 17.22% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Scotiabank upgraded TELUS from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$50.00 to C$54.00 in a report on Wednesday, October 25th. Canaccord Genuity lifted their price target on TELUS from C$50.00 to C$51.00 in a report on Monday, November 13th. CIBC lifted their price target on TELUS from C$48.00 to C$50.00 in a report on Monday, November 13th. Royal Bank of Canada upgraded TELUS from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$47.00 to C$51.00 in a report on Friday, November 10th. Finally, TD Securities upgraded TELUS from a “hold” rating to a “buy” rating and set a C$53.00 price target for the company in a report on Friday, February 2nd. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$51.17.

TELUS (TSE T) traded down C$0.64 during trading hours on Friday, hitting C$44.36. The company had a trading volume of 1,048,472 shares, compared to its average volume of 982,758. The firm has a market capitalization of $26,750.00, a P/E ratio of 20.80 and a beta of 0.49. TELUS has a twelve month low of C$42.22 and a twelve month high of C$48.94.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Thursday, November 9th. The company reported C$0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.67 by C($0.01). The company had revenue of C$3.37 billion during the quarter, compared to analyst estimates of C$3.38 billion. TELUS had a net margin of 11.03% and a return on equity of 17.49%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2018/02/09/citigroup-lowers-telus-t-price-target-to-c52-00.html.

About TELUS

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

Analyst Recommendations for TELUS (TSE:T)

Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.