TELUS Co. (TSE:T) Receives C$23.23 Average Price Target from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$23.23.

Several research firms have issued reports on T. CIBC raised their price target on shares of TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. BMO Capital Markets lowered their target price on shares of TELUS from C$24.00 to C$23.00 in a research note on Monday. Desjardins dropped their target price on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Scotiabank upped their price target on shares of TELUS from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, September 8th. Finally, National Bankshares set a C$23.00 price objective on TELUS and gave the stock a “sector perform” rating in a research report on Tuesday, August 12th.

TELUS Trading Up 0.3%

TSE T opened at C$20.62 on Tuesday. The firm has a market capitalization of C$31.92 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. The business’s 50-day moving average price is C$21.43 and its two-hundred day moving average price is C$21.90. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. TELUS has a 12 month low of C$19.10 and a 12 month high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.32 EPS for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The company had revenue of C$5.07 billion for the quarter. On average, analysts expect that TELUS 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.