TELUS Co. (TSE:T) Given Average Rating of “Hold” by Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has been given an average rating of “Hold” by the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$18.68.

Several equities analysts have recently issued reports on the stock. National Bank Financial lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Raymond James Financial set a C$18.50 price objective on TELUS and gave the stock a “market perform” rating in a research note on Thursday, July 16th. ATB Cormark Capital Markets reduced their target price on TELUS from C$19.00 to C$16.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 28th. Barclays decreased their target price on TELUS from C$19.00 to C$17.00 in a research note on Thursday, July 16th. Finally, Morgan Stanley downgraded TELUS from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from C$20.00 to C$13.00 in a report on Tuesday, July 21st.

TELUS Stock Up 2.9%

Shares of TSE T opened at C$13.83 on Thursday. The stock has a market cap of C$21.78 billion, a P/E ratio of -23.44, a P/E/G ratio of 1.65 and a beta of 0.48. The firm has a 50 day moving average price of C$14.77 and a 200 day moving average price of C$16.72. The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. TELUS has a 52-week low of C$12.93 and a 52-week high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, July 31st. The company reported C$0.16 EPS for the quarter. The firm had revenue of C$4.92 billion during the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. Analysts expect that TELUS will post 1.2267985 EPS 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.