TELUS Co. (TSE:T) Receives C$18.68 Consensus Price Target from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$18.68.

T has been the subject of several analyst reports. Barclays reduced their price target on shares of TELUS from C$19.00 to C$17.00 in a report on Thursday, July 16th. Desjardins cut shares of TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. National Bank Financial lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Royal Bank Of Canada cut TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, ATB Cormark Capital Markets decreased their price objective on TELUS from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a report on Tuesday, July 28th.

TELUS Stock Performance

Shares of T stock opened at C$12.60 on Monday. The company has a market cap of C$19.84 billion, a P/E ratio of -21.36, a PEG ratio of 1.65 and a beta of 0.53. The business has a 50 day moving average of C$13.91 and a two-hundred day moving average of C$16.07. TELUS has a 52 week low of C$12.52 and a 52 week high of C$22.17. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85.

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 business had revenue of C$4.92 billion for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. As a group, analysts anticipate that TELUS will post 1.2267985 EPS for the current 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.