TELUS (TSE:T) Price Target Cut to C$17.00 by Analysts at Barclays

TELUS (TSE:T) (NYSE:TU) had its target price decreased by equities research analysts at Barclays from C$19.00 to C$17.00 in a report issued on Thursday,BayStreet.CA reports. Barclays‘s price target points to a potential upside of 13.94% from the stock’s previous close.

T has been the subject of several other research reports. Desjardins reduced their price target on shares of TELUS from C$21.00 to C$19.00 and set a “buy” rating for the company in a research report on Wednesday. Scotiabank lowered their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 7th. Royal Bank Of Canada cut their price objective on TELUS from C$22.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Canaccord Genuity Group reduced their target price on TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a report on Friday, July 10th. Finally, TD Securities upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$19.36.

TELUS Price Performance

TSE T traded up C$0.20 on Thursday, hitting C$14.92. The company had a trading volume of 4,036,046 shares, compared to its average volume of 7,474,418. The company has a debt-to-equity ratio of 199.56, a current ratio of 0.67 and a quick ratio of 0.52. The company’s fifty day moving average price is C$16.32 and its 200-day moving average price is C$17.50. The company has a market capitalization of C$23.30 billion, a PE ratio of 24.87, a PEG ratio of 1.65 and a beta of 0.47. TELUS has a 12-month low of C$14.28 and a 12-month high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last posted 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 business had revenue of C$4.99 billion for the quarter. As a group, analysts predict that TELUS will post 1.2267985 earnings per share for the current 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.