TELUS Co. (TSE:T) Receives Consensus Recommendation of “Moderate Buy” from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$20.27.

A number of analysts recently commented on the company. ATB Cormark Capital Markets dropped their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. Scotiabank cut TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Barclays lowered their price target on TELUS from C$20.00 to C$19.00 in a report on Tuesday, April 14th. Desjardins set a C$21.00 price target on TELUS and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada lowered their price target on TELUS from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Thursday, April 9th.

TELUS Trading Down 1.6%

TELUS stock opened at C$17.10 on Friday. The stock has a market cap of C$26.70 billion, a PE ratio of 28.50, a P/E/G ratio of 1.65 and a beta of 0.58. The stock has a 50-day moving average price of C$17.21 and a 200 day moving average price of C$18.03. TELUS has a 52 week low of C$16.18 and a 52 week high of C$23.18. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56.

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