TELUS (TSE:T) Price Target Raised to C$16.25

TELUS (TSE:T) (NYSE:TU) had its price target lifted by Scotia from C$15.25 to C$16.25 in a research note published on Monday morning,BayStreet reports. Scotia currently has a sector perform rating on the stock.

T has been the topic of several other research reports. National Bank Financial upped their price objective on shares of TELUS from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a report on Monday. Desjardins reduced their target price on 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. Morgan Stanley lowered TELUS from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. Scotiabank dropped their price target on TELUS from C$17.00 to C$15.25 and set a “sector perform” rating on the stock in a research note on Tuesday, October 20th. Finally, Raymond James Financial set a C$18.50 price target on TELUS and gave the stock a “market perform” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, TELUS has an average rating of “Hold” and an average target price of C$16.43.

TELUS Stock Performance

TSE:T opened at C$12.33 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85. TELUS has a twelve month low of C$10.89 and a twelve month high of C$20.78. The company has a fifty day moving average of C$12.18 and a 200-day moving average of C$15.48. The firm has a market capitalization of C$19.60 billion, a P/E ratio of -9.27, a P/E/G ratio of 1.65 and a beta of 0.70.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, November 6th. The company reported C$0.16 earnings per share (EPS) for the quarter. The business had revenue of C$5.02 billion for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. As a group, sell-side analysts anticipate that TELUS will post 1.23 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.