TELUS (T) PT Raised to C$55.00

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TELUS (TSE:T) (NYSE:TU) had its price objective upped by Morgan Stanley from C$53.00 to C$55.00 in a note issued to investors on Thursday. Morgan Stanley’s price objective suggests a potential upside of 14.23% from the company’s current price.

A number of other research analysts have also recently commented on the company. TD Securities raised their target price on TELUS from C$55.00 to C$58.00 in a research note on Friday, February 15th. JPMorgan Chase & Co. raised their target price on TELUS from C$49.00 to C$51.00 in a research note on Friday, February 15th. National Bank Financial lowered their target price on TELUS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research note on Friday, January 4th. Echelon Wealth Partners restated a “buy” rating on shares of TELUS in a research note on Friday, February 15th. Finally, Cormark raised their target price on TELUS from C$48.00 to C$51.00 in a research note on Friday, February 15th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. TELUS currently has an average rating of “Buy” and an average target price of C$52.78.

TSE T opened at C$48.15 on Thursday. TELUS has a fifty-two week low of C$43.88 and a fifty-two week high of C$49.15. The company has a debt-to-equity ratio of 137.44, a current ratio of 0.79 and a quick ratio of 0.60. The company has a market capitalization of $28.65 billion and a price-to-earnings ratio of 17.97.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Thursday, February 14th. The company reported C$0.69 earnings per share for the quarter, missing the consensus estimate of C$0.70 by C($0.01). The business had revenue of C$3.76 billion during the quarter, compared to analyst estimates of C$3.65 billion. As a group, research analysts expect that TELUS will post 3.19000003634177 earnings per share for the current year.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

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