TELUS (TSE:T) Price Target Lowered to C$15.50 at Canaccord Genuity Group

TELUS (TSE:T) (NYSE:TU) had its target price cut by equities research analysts at Canaccord Genuity Group from C$16.75 to C$15.50 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 4.80% from the company’s current price.

Several other equities analysts also recently issued reports on T. Barclays cut their price objective on TELUS from C$20.00 to C$19.00 in a research report on Tuesday, April 14th. TD Securities upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. TD raised shares of TELUS from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$19.00 to C$20.00 in a report on Tuesday, April 28th. Scotiabank dropped their target price 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. Finally, Desjardins set a C$21.00 target price on shares of TELUS and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TELUS currently has an average rating of “Moderate Buy” and a consensus target price of C$19.73.

TELUS Price Performance

Shares of T stock traded up C$0.03 during trading hours on Friday, hitting C$14.79. The company had a trading volume of 2,187,305 shares, compared to its average volume of 7,522,192. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67. The firm’s fifty day moving average is C$16.51 and its 200 day moving average is C$17.58. TELUS has a 12 month low of C$14.28 and a 12 month high of C$23.18. The firm has a market capitalization of C$23.09 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.65 and a beta of 0.47.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%.The company had revenue of C$4.99 billion during the quarter. On average, sell-side analysts predict that TELUS will post 1.2267985 EPS for the current fiscal 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.