TELUS Co. (TSE:T) Stock Has Consensus Target Price of C$16.30 According to Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received an average recommendation of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$16.30.

Several equities analysts recently commented on T shares. Scotiabank reduced their target price on shares of TELUS from C$17.00 to C$15.25 and set a “sector perform” rating on the stock in a report on Tuesday, October 20th. Canaccord Genuity Group decreased their target price on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research report on Friday, July 10th. Royal Bank Of Canada downgraded shares of TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Desjardins lowered their price target on shares of TELUS from C$13.50 to C$13.00 and set a “hold” rating for the company in a research note on Wednesday, October 7th. Finally, Morgan Stanley lowered shares of TELUS from an “equal weight” rating to an “underweight” rating and cut their price target for the company from C$20.00 to C$13.00 in a research report on Tuesday, July 21st.

TELUS Stock Up 2.4%

Shares of TSE T opened at C$12.37 on Tuesday. TELUS has a one year low of C$10.89 and a one year high of C$20.97. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52. The firm’s 50 day simple moving average is C$12.31 and its two-hundred day simple moving average is C$15.72. The stock has a market capitalization of C$19.48 billion, a P/E ratio of -20.97, a PEG ratio of 1.65 and a beta of 0.59.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. The firm had revenue of C$4.92 billion during the quarter. As a group, analysts expect that TELUS will post 1.23 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.