TELUS (TSE:T) Downgraded by Desjardins to “Hold”

Desjardins downgraded shares of TELUS (TSE:T) (NYSE:TU) from a moderate buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other brokerages have also weighed in on T. Barclays cut their target price on TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. TD Securities raised TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Canaccord Genuity Group dropped their price target on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday, July 10th. Scotiabank cut their price objective on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 7th. Finally, ATB Cormark Capital Markets reduced their price objective on shares of TELUS from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, TELUS has an average rating of “Hold” and a consensus price target of C$18.68.

TELUS Stock Performance

TSE:T opened at C$13.39 on Tuesday. TELUS has a 12 month low of C$12.93 and a 12 month high of C$23.18. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52. The firm has a market capitalization of C$20.91 billion, a PE ratio of -22.69, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The business’s fifty day moving average price is C$15.56 and its 200 day moving average price is C$17.13.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) for the quarter. The company had revenue of C$4.92 billion during the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. On average, sell-side analysts anticipate that TELUS will post 1.2267985 earnings per share for the current fiscal year.

TELUS Company Profile

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.