TELUS (TSE:T) Stock Price Target Cut by National Bank Financial

TELUS (TSE:T) (NYSE:TU) had its price target reduced by analysts at National Bank Financial from C$15.00 to C$13.00 in a research note issued on Wednesday, BayStreet reports. National Bank Financial’s price objective would indicate a potential upside of 7.71% from the company’s previous close.

Several other brokerages have also recently issued reports on T. ATB Cormark Capital Markets decreased their price target on shares of TELUS from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 28th. Morgan Stanley lowered shares of TELUS from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from C$20.00 to C$13.00 in a report on Tuesday, July 21st. Raymond James Financial set a C$18.50 target price on TELUS and gave the stock a “market perform” rating in a research note on Thursday, July 16th. Scotiabank decreased their price target on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada lowered TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, TELUS has a consensus rating of “Hold” and a consensus target price of C$18.11.

TELUS Stock Performance

T stock traded up C$0.50 during mid-day trading on Wednesday, hitting C$12.07. 6,252,335 shares of the company were exchanged, compared to its average volume of 8,000,116. TELUS has a 1-year low of C$11.53 and a 1-year high of C$22.09. The business has a 50 day simple moving average of C$13.31 and a 200-day simple moving average of C$15.51. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85. The stock has a market capitalization of C$19.01 billion, a PE ratio of -20.46, a price-to-earnings-growth ratio of 1.65 and a beta of 0.53.

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. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. The firm had revenue of C$4.92 billion for the quarter. On average, equities analysts forecast 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.