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

TELUS (TSE:T) (NYSE:TU) had its price target dropped by research analysts at ATB Cormark Capital Markets from C$14.00 to C$13.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets‘s price target points to a potential upside of 2.36% from the stock’s previous close.

A number of other brokerages have also recently commented on T. Scotiabank dropped their price objective on shares of TELUS from C$17.00 to C$15.25 and set a “sector perform” rating for the company in a research note on Tuesday, October 20th. Barclays decreased their target price on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. National Bank Financial lowered their price target on shares of TELUS from C$15.00 to C$13.00 in a report on Wednesday, September 30th. Raymond James Financial set a C$18.50 price target on shares of TELUS and gave the company a “market perform” rating in a report on Thursday, July 16th. Finally, Desjardins dropped their price target on TELUS from C$13.50 to C$13.00 and set a “hold” rating for the company in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$16.43.

TELUS Price Performance

Shares of TSE T traded down C$0.11 during midday trading on Monday, reaching C$12.70. 4,660,659 shares of the stock traded hands, compared to its average volume of 8,079,194. The company’s 50 day moving average is C$12.24 and its 200 day moving average is C$15.58. TELUS has a one year low of C$10.89 and a one year high of C$20.97. 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 stock has a market capitalization of C$20.00 billion, a PE ratio of -21.53, a P/E/G ratio of 1.65 and a beta of 0.70.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings results on Friday, November 6th. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$5.02 billion for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. On average, equities research analysts anticipate that TELUS will post 1.23 earnings per share 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.