TELUS (TSE:T) Downgraded by National Bank Financial to “Hold”

National Bank Financial downgraded shares of TELUS (TSE:T) (NYSE:TU) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other brokerages have also weighed in on T. TD Securities raised TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Morgan Stanley lowered TELUS from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from C$20.00 to C$13.00 in a research note on Tuesday, July 21st. Barclays cut their price objective on TELUS from C$19.00 to C$17.00 in a report on Thursday, July 16th. Canaccord Genuity Group reduced their price objective on TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday, July 10th. Finally, ATB Cormark Capital Markets dropped their target price on shares of TELUS from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, TELUS has a consensus rating of “Hold” and an average price target of C$18.68.

TELUS Price Performance

TELUS stock opened at C$13.39 on Monday. TELUS has a 1 year low of C$12.93 and a 1 year high of C$23.18. The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. The firm has a 50 day moving average price of C$15.56 and a 200 day moving average price of C$17.13. The company has a market cap of C$20.91 billion, a price-to-earnings ratio of -22.69, a PEG ratio of 1.65 and a beta of 0.47.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$4.92 billion for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. Sell-side analysts predict that TELUS will post 1.2267985 earnings per share for the current year.

About TELUS

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.