TELUS (TSE:T) Reaches New 52-Week Low – Here’s What Happened

Shares of TELUS Co. (TSE:T) (NYSE:TU) hit a new 52-week low during trading on Thursday . The company traded as low as C$12.86 and last traded at C$12.91, with a volume of 837330 shares trading hands. The stock had previously closed at C$13.07.

Analyst Upgrades and Downgrades

Several analysts have issued reports on T shares. Canaccord Genuity Group lowered their price objective on shares of 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. ATB Cormark Capital Markets reduced their price objective on shares of TELUS from C$19.00 to C$16.50 and set a “sector perform” rating on the stock in a research note on Tuesday, July 28th. Royal Bank Of Canada lowered TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. Barclays decreased their price objective on shares of TELUS from C$19.00 to C$17.00 in a report on Thursday, July 16th. Finally, Morgan Stanley lowered TELUS from an “equal weight” rating to an “underweight” rating and lowered their target price 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 given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, TELUS presently has an average rating of “Hold” and a consensus target price of C$18.68.

TELUS Stock Down 2.5%

The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. The stock’s fifty day simple moving average is C$13.99 and its two-hundred day simple moving average is C$16.14. The company has a market capitalization of C$20.07 billion, a price-to-earnings ratio of -21.59, a P/E/G ratio of 1.65 and a beta of 0.53.

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