TELUS (TSE:T) Hits New 52-Week Low – What’s Next?

TELUS Co. (TSE:T) (NYSE:TU)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$16.05 and last traded at C$16.30, with a volume of 6853285 shares trading hands. The stock had previously closed at C$16.07.

Wall Street Analyst Weigh In

Several research firms have commented on T. TD Securities raised TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Scotiabank downgraded TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Desjardins set a C$21.00 price target on TELUS and gave the stock a “buy” rating in a research report on Wednesday, May 13th. TD upgraded shares of TELUS from a “hold” rating to a “buy” rating and upped their price target for the stock from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. Finally, Canaccord Genuity Group downgraded shares of TELUS from a “buy” rating to a “hold” rating and cut their price objective for the company from C$21.00 to C$17.50 in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$20.27.

TELUS Stock Performance

The company has a market capitalization of C$25.45 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. The business’s fifty day moving average is C$16.93 and its two-hundred day moving average is C$17.82. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, May 8th. The company reported C$0.23 EPS for the quarter. The business had revenue of C$4.99 billion for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. Equities research analysts predict that TELUS Co. will post 1.2267985 earnings per share for the current year.

About TELUS

TELUS Digital, a wholly-owned subsidiary of TELUS Corporation (TSX: T, NYSE: TU), crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients’ products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.