TELUS (TSE:T) Stock Rating Lowered by National Bank Financial

TELUS (TSE:T) (NYSE:TU) was downgraded by investment analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

T has been the subject of several other research reports. Canadian Imperial Bank of Commerce downgraded TELUS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. TD raised TELUS from a “hold” rating to a “buy” rating and raised their price objective for the company from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. Canaccord Genuity Group decreased their target price on TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a research report on Friday, July 10th. TD Securities upgraded TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Morgan Stanley downgraded TELUS from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from C$20.00 to C$13.00 in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, TELUS has a consensus rating of “Hold” and a consensus price target of C$18.68.

TELUS Price Performance

Shares of T opened at C$13.39 on Monday. The business’s 50-day moving average is C$15.56 and its 200-day moving average is C$17.13. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52. The company has a market capitalization of C$20.91 billion, a price-to-earnings ratio of -22.69, a P/E/G ratio of 1.65 and a beta of 0.47. TELUS has a fifty-two week low of C$12.93 and a fifty-two week high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) for the quarter. The business had revenue of C$4.92 billion during the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. Equities research analysts expect that TELUS will post 1.2267985 EPS 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.