TELUS Downgraded by Scotiabank to Sector Perform (TU)
TELUS (NYSE:TU) was downgraded by equities research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Shares of TELUS (NYSE:TU) opened at 34.57 on Monday. TELUS has a 52 week low of $28.15 and a 52 week high of $37.48. The stock’s 50-day moving average is $35.16 and its 200-day moving average is $34.52. The company has a market cap of $21.537 billion and a P/E ratio of 16.95.
TELUS (NYSE:TU) last announced its earnings results on Thursday, February 13th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.02. Analysts expect that TELUS will post $2.35 EPS for the current fiscal year.
TU has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of TELUS in a research note on Friday, April 4th. They now have a $36.00 price target on the stock. Separately, analysts at Macquarie downgraded shares of TELUS from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 3rd. Finally, analysts at Morgan Stanley downgraded shares of TELUS from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 25th. They now have a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $36.67.
TELUS Corporation (NYSE:TU), incorporated on October 26, 1998, is a telecommunications companies, providing a range of telecommunications products and services products including wireless, data, Internet protocol, voice and television.
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