National Bankshares Has Lowered Expectations for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its target price lowered by equities research analysts at National Bankshares from C$21.50 to C$21.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 17.25% from the company’s current price.

A number of other equities analysts also recently weighed in on T. Desjardins reduced their price target on TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. BMO Capital Markets lowered TELUS from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$23.00 to C$19.00 in a report on Thursday, December 11th. Canaccord Genuity Group raised TELUS from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Scotiabank boosted their target price on shares of TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, September 8th. Finally, JPMorgan Chase & Co. downgraded shares of TELUS from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from C$22.00 to C$19.00 in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$22.21.

TELUS Price Performance

TSE:T traded up C$0.14 during mid-day trading on Tuesday, hitting C$17.91. The company’s stock had a trading volume of 2,933,511 shares, compared to its average volume of 4,801,248. The company has a market capitalization of C$27.78 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.65 and a beta of 0.90. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. TELUS has a fifty-two week low of C$17.26 and a fifty-two week high of C$23.29. The stock has a fifty day moving average of C$19.13 and a 200-day moving average of C$21.08.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$5.07 billion during the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. As a group, equities analysts forecast that TELUS will post 1.2267985 EPS for the current fiscal year.

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.