TELUS (TSE:T) Sets New 1-Year Low After Analyst Downgrade

TELUS Co. (TSE:T) (NYSE:TU)’s stock price hit a new 52-week low during mid-day trading on Tuesday after Morgan Stanley downgraded the stock from an equal weight rating to an underweight rating. Morgan Stanley now has a C$13.00 price target on the stock, down from their previous price target of C$20.00. TELUS traded as low as C$14.02 and last traded at C$14.05, with a volume of 1509860 shares traded. The stock had previously closed at C$14.47.

T has been the subject of several other reports. TD upgraded shares of TELUS from a “hold” rating to a “buy” rating and upped their price target for the company from C$19.00 to C$20.00 in a research report on Tuesday, April 28th. TD Securities upgraded TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Canaccord Genuity Group lowered their target price on TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a research note on Friday, July 10th. Barclays dropped their target price on TELUS from C$19.00 to C$17.00 in a report on Thursday, July 16th. Finally, Desjardins reduced their price target on TELUS from C$21.00 to C$19.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, TELUS presently has a consensus rating of “Hold” and a consensus price target of C$18.86.

TELUS Trading Down 0.1%

The firm has a market cap of C$22.45 billion, a P/E ratio of 23.97, a PEG ratio of 1.65 and a beta of 0.47. The firm’s fifty day moving average is C$16.05 and its two-hundred day moving average is C$17.39. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 199.56.

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