TELUS (TSE:T) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

TELUS Co. (TSE:T) (NYSE:TU) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.97 and traded as low as C$16.86. TELUS shares last traded at C$17.00, with a volume of 10,670,833 shares traded.

Analyst Ratings Changes

T has been the topic of several research analyst reports. Scotiabank lowered TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Desjardins set a C$21.00 price target on TELUS and gave the stock a “buy” rating in a research report on Wednesday, May 13th. TD raised TELUS from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$19.00 to C$20.00 in a research report on Tuesday, April 28th. Barclays cut their price target on TELUS from C$20.00 to C$19.00 in a research report on Tuesday, April 14th. Finally, Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating and cut their price target for the stock from C$21.00 to C$17.50 in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$20.27.

TELUS Stock Performance

The firm has a market cap of C$26.54 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 199.56. The stock has a fifty day moving average price of C$17.16 and a 200-day moving average price of C$17.97.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter. The business had revenue of C$4.99 billion for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. On average, analysts expect that TELUS Co. will post 1.2267985 earnings per share for the current fiscal year.

TELUS Company Profile

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.