TELUS (TSE:T) Cut to “Hold” at BMO Capital Markets

BMO Capital Markets downgraded shares of TELUS (TSE:T) (NYSE:TU) from an outperform rating to a hold rating in a report released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has C$19.00 price objective on the stock, down from their previous price objective of C$23.00.

Several other analysts also recently weighed in on the stock. National Bankshares boosted their target price on shares of TELUS from C$21.00 to C$21.50 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Morgan Stanley cut their target price on TELUS from C$25.00 to C$20.00 in a research report on Wednesday. Natl Bk Canada upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Scotiabank boosted their price target on TELUS from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, September 8th. Finally, JPMorgan Chase & Co. lowered TELUS from a “neutral” rating to an “underweight” rating and cut their price objective for the company from C$22.00 to C$19.00 in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$22.25.

TELUS Price Performance

Shares of TELUS stock opened at C$17.63 on Thursday. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. TELUS has a one year low of C$17.46 and a one year high of C$23.29. The stock has a market cap of C$27.29 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The stock has a 50 day moving average price of C$19.97 and a 200-day moving average price of C$21.46.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The firm had revenue of C$5.07 billion for the quarter. Equities 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.