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

TELUS Co. (TSE:T) (NYSE:TU) has been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$18.68.

A number of brokerages have recently issued reports on T. Desjardins downgraded TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Morgan Stanley cut TELUS from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from C$20.00 to C$13.00 in a research note on Tuesday, July 21st. National Bank Financial downgraded TELUS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Canaccord Genuity Group dropped their price target on TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday, July 10th. Finally, Barclays dropped their price target on TELUS from C$19.00 to C$17.00 in a research note on Thursday, July 16th.

TELUS Price Performance

Shares of TSE T opened at C$13.44 on Thursday. The company has a market capitalization of C$21.17 billion, a PE ratio of -22.78, a P/E/G ratio of 1.65 and a beta of 0.48. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85. TELUS has a twelve month low of C$12.93 and a twelve month high of C$23.18. The firm has a fifty day simple moving average of C$14.89 and a 200 day simple moving average of C$16.79.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.16 EPS for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. The business had revenue of C$4.92 billion for the quarter. On average, sell-side analysts forecast that TELUS will post 1.2267985 EPS 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.