National Bankshares Upgrades TELUS (TSE:T) to Outperform

TELUS (TSE:T) (NYSE:TU) was upgraded by analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Wednesday,BayStreet.CA reports. The firm presently has a C$21.00 price target on the stock, down from their prior price target of C$23.00. National Bankshares’ price objective points to a potential upside of 11.58% from the company’s current price.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. cut shares of TELUS from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from C$22.00 to C$19.00 in a report on Tuesday. CIBC raised their price objective on shares of TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. Scotiabank increased their price objective on shares of TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, September 8th. Desjardins dropped their price objective on TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Finally, BMO Capital Markets lowered their target price on TELUS from C$24.00 to C$23.00 in a research report on Monday, November 10th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.77.

TELUS Stock Down 0.9%

Shares of T traded down C$0.18 during midday trading on Wednesday, reaching C$18.82. 8,572,745 shares of the company were exchanged, compared to its average volume of 4,229,367. The company has a market cap of C$29.13 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 1.65 and a beta of 0.93. The stock has a 50-day moving average price of C$21.25 and a 200-day moving average price of C$21.89. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. TELUS has a 1-year low of C$18.68 and a 1-year high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.32 earnings per share for the quarter. The firm had revenue of C$5.07 billion during the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%. Research analysts expect that TELUS will post 1.2267985 earnings per share for the current year.

About TELUS

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.