TELUS (TSE:T) Stock Rating Upgraded by Natl Bk Canada

TELUS (TSE:T) (NYSE:TU) was upgraded by stock analysts at Natl Bk Canada from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. 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 note on Monday, September 8th. BMO Capital Markets cut their target price on TELUS from C$24.00 to C$23.00 in a research report on Monday, November 10th. National Bankshares raised TELUS from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from C$23.00 to C$21.00 in a research report on Wednesday, November 19th. JPMorgan Chase & Co. lowered shares of TELUS from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from C$22.00 to C$19.00 in a research note on Tuesday, November 18th. Finally, Desjardins decreased their target price on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$22.77.

TELUS Trading Down 0.2%

TSE T opened at C$18.28 on Tuesday. The firm has a market cap of C$28.30 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. TELUS has a 52 week low of C$18.14 and a 52 week high of C$23.29. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The company has a 50 day moving average price of C$20.91 and a 200 day moving average price of C$21.80.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.24 EPS for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%. As a group, sell-side analysts forecast that TELUS will post 1.2267985 EPS for the current fiscal 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.