TELUS (TSE:T) Given New C$20.00 Price Target at Morgan Stanley

TELUS (TSE:T) (NYSE:TU) had its target price cut by investment analysts at Morgan Stanley from C$25.00 to C$20.00 in a report released on Wednesday,BayStreet.CA reports. Morgan Stanley’s price target points to a potential upside of 9.71% from the company’s previous close.

T has been the subject of several other research reports. JPMorgan Chase & Co. downgraded shares of TELUS from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from C$22.00 to C$19.00 in a report on Tuesday, November 18th. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Scotiabank boosted their target price on TELUS from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, September 8th. CIBC lifted their price objective on shares of TELUS from C$24.00 to C$25.00 in a research note on Friday, October 17th. Finally, Natl Bk Canada raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$22.58.

TELUS Price Performance

Shares of T stock traded down C$0.24 on Wednesday, hitting C$18.23. 6,514,894 shares of the stock traded hands, compared to its average volume of 4,547,223. TELUS has a 52 week low of C$17.92 and a 52 week high of C$23.29. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The firm has a market cap of C$28.22 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.65 and a beta of 0.90. The firm has a 50 day simple moving average of C$20.22 and a two-hundred day simple moving average of C$21.55.

TELUS (TSE:T) (NYSE:TU) last announced 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%.The business had revenue of C$5.07 billion for the quarter. As a group, equities research analysts predict that TELUS will post 1.2267985 earnings per share 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.