ATB Cormark Capital Markets Has Lowered Expectations for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by ATB Cormark Capital Markets from C$13.50 to C$12.00 in a research note issued on Monday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 1.35% from the stock’s current price.

Several other equities analysts have also commented on T. Barclays decreased their price objective on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. National Bank Financial dropped their target price on shares of TELUS from C$15.00 to C$13.00 in a research report on Wednesday, September 30th. Morgan Stanley downgraded shares of TELUS from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce cut their price target on shares of TELUS from C$15.00 to C$14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada lowered shares of TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, TELUS currently has a consensus rating of “Hold” and an average price target of C$16.57.

TELUS Stock Down 0.6%

T stock traded down C$0.07 on Monday, hitting C$11.84. 3,131,779 shares of the company’s stock were exchanged, compared to its average volume of 8,059,764. The firm has a 50 day moving average price of C$12.60 and a two-hundred day moving average price of C$14.91. The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. TELUS has a 12-month low of C$10.89 and a 12-month high of C$21.63. The stock has a market cap of C$18.65 billion, a P/E ratio of -20.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.59.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. The business had revenue of C$4.92 billion during the quarter. As a group, equities research analysts expect that TELUS will post 1.23 EPS for the current fiscal 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.