TELUS Co. (TSE:T) Stock Has Average Price Target of C$18.11 According to Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$18.11.

Several research analysts recently commented on the company. Morgan Stanley cut TELUS from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. Raymond James Financial set a C$18.50 target price on shares of TELUS and gave the company a “market perform” rating in a research report on Thursday, July 16th. ATB Cormark Capital Markets lowered their target price 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 shares of TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, National Bank Financial decreased their price objective on TELUS from C$15.00 to C$13.00 in a report on Wednesday, September 30th.

TELUS Price Performance

TSE:T opened at C$11.47 on Friday. 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 fifty day moving average price of C$13.15 and a 200 day moving average price of C$15.37. TELUS has a one year low of C$11.45 and a one year high of C$21.94. The stock has a market cap of C$18.07 billion, a P/E ratio of -19.44, a PEG ratio of 1.65 and a beta of 0.53.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, July 31st. The company reported C$0.16 earnings per share 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. Analysts anticipate 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.