TELUS Co. (TSE:T) Receives Consensus Recommendation of “Moderate Buy” from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$20.27.

Several equities analysts recently issued reports on T shares. Desjardins set a C$21.00 price objective on TELUS and gave the company a “buy” rating in a research report on Wednesday, May 13th. TD upgraded TELUS from a “hold” rating to a “buy” rating and boosted their target price for the company from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. Scotiabank cut TELUS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. TD Securities upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating and cut their target price for the company from C$21.00 to C$17.50 in a research note on Thursday, April 9th.

TELUS Stock Performance

Shares of TSE:T opened at C$15.72 on Wednesday. The stock has a market capitalization of C$24.54 billion, a P/E ratio of 26.20, a P/E/G ratio of 1.65 and a beta of 0.43. TELUS has a 1-year low of C$15.66 and a 1-year high of C$23.18. The business has a 50-day moving average price of C$16.88 and a two-hundred day moving average price of C$17.76. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter. The company had revenue of C$4.99 billion during the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. Equities analysts predict that TELUS will post 1.2267985 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.