Desjardins Analysts Give TELUS (TSE:T) a C$21.00 Price Target

Desjardins set a C$21.00 price objective on TELUS (TSE:T) (NYSE:TU) in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms have also weighed in on T. ATB Cormark Capital Markets reduced their target price on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a report on Friday, February 13th. Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating and cut their price objective for the company from C$21.00 to C$17.50 in a research report on Thursday, April 9th. Royal Bank Of Canada reduced their price objective on TELUS from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. TD Securities raised TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Scotiabank lowered TELUS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$20.27.

TELUS Stock Down 1.2%

T opened at C$16.79 on Wednesday. The firm has a 50 day moving average price of C$17.51 and a 200 day moving average price of C$18.36. The company has a market cap of C$26.22 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 1.65 and a beta of 0.58. TELUS has a 1 year low of C$16.18 and a 1 year high of C$23.18. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Friday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter. TELUS had a net margin of 4.57% and a return on equity of 6.41%. The company had revenue of C$4.99 billion during the quarter. Sell-side analysts expect that TELUS will post 1.2267985 earnings per share 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.