TELUS (TSE:T) Reaches New 1-Year Low – Here’s What Happened

TELUS Co. (TSE:T) (NYSE:TU) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$14.96 and last traded at C$15.04, with a volume of 4411077 shares changing hands. The stock had previously closed at C$15.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Scotiabank downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Canaccord Genuity Group downgraded shares of TELUS from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$21.00 to C$17.50 in a research note on Thursday, April 9th. TD upgraded shares of 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 report on Tuesday, April 28th. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Royal Bank Of Canada cut their target price on TELUS from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$20.27.

TELUS Stock Performance

The firm has a market cap of C$23.39 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.65 and a beta of 0.43. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 199.56. The company has a 50 day moving average of C$16.85 and a 200 day moving average of C$17.74.

TELUS (TSE:T) (NYSE:TU) last announced 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 for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. As a group, equities research analysts expect that TELUS Co. will post 1.2267985 EPS for the current fiscal 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.