TELUS (TSE:T) Price Target Cut to C$23.00 by Analysts at BMO Capital Markets

TELUS (TSE:T) (NYSE:TU) had its price objective reduced by equities research analysts at BMO Capital Markets from C$24.00 to C$23.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 10.95% from the company’s previous close.

T has been the topic of a number of other reports. National Bankshares set a C$23.00 target price on shares of TELUS and gave the company a “sector perform” rating in a report on Tuesday, August 12th. Desjardins lowered their price target on TELUS from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Scotiabank upped their price objective on TELUS from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, September 8th. Finally, CIBC raised their price objective on TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$23.38.

TELUS Stock Down 0.2%

T traded down C$0.04 during trading on Monday, reaching C$20.73. 3,106,899 shares of the stock were exchanged, compared to its average volume of 4,090,562. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The stock’s 50 day moving average price is C$21.59 and its two-hundred day moving average price is C$21.92. TELUS has a twelve month low of C$19.10 and a twelve month high of C$23.29. The stock has a market cap of C$31.65 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93.

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.