Desjardins Cuts TELUS (TSE:T) Price Target to C$21.50

TELUS (TSE:T) (NYSE:TU) had its target price reduced by stock analysts at Desjardins from C$23.00 to C$21.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 23.14% from the stock’s current price.

T has been the subject of a number of other reports. Morgan Stanley lowered their target price on shares of TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. National Bank Financial lowered their price objective on shares of TELUS from C$21.50 to C$21.00 and set an “outperform” rating for the company in a research note on Tuesday, December 30th. TD Securities lowered shares of TELUS from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$21.00 to C$19.00 in a research note on Thursday, April 2nd. ATB Cormark Capital Markets lowered their price objective on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Friday, February 13th. Finally, BMO Capital Markets lowered shares of TELUS from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from C$23.00 to C$19.00 in a research note on Thursday, December 11th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, TELUS currently has an average rating of “Hold” and an average price target of C$21.00.

TELUS Trading Down 2.5%

T stock traded down C$0.44 during mid-day trading on Tuesday, reaching C$17.46. 5,276,497 shares of the stock traded hands, compared to its average volume of 7,126,760. The company has a debt-to-equity ratio of 199.42, a quick ratio of 0.52 and a current ratio of 0.86. TELUS has a one year low of C$17.26 and a one year high of C$23.18. The stock has a market capitalization of C$27.26 billion, a PE ratio of 24.25, a PEG ratio of 1.65 and a beta of 0.56. The business has a 50-day moving average price of C$18.52 and a two-hundred day moving average price of C$19.21.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.20 earnings per share for the quarter. TELUS had a net margin of 5.47% and a return on equity of 7.68%. The business had revenue of C$5.23 billion for the quarter. Equities research analysts expect that TELUS will post 1.2267985 EPS for the current year.

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.