TELUS (T) Releases Quarterly Earnings Results
TELUS (TSE:T) posted its quarterly earnings results on Friday. The company reported $0.62 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.62, American Banking News.com reports.
T has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of TELUS from C$41.00 to C$42.00 in a research note on Friday. They now have an “overweight” rating on the stock. On the ratings front, analysts at RBC Capital raised their price target on shares of TELUS from C$39.00 to C$40.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of TELUS from C$40.00 to C$41.00 in a research note on Friday, May 2nd. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$39.70.
TELUS (TSE:T) opened at 39.64 on Friday. TELUS has a 52 week low of $29.52 and a 52 week high of $40.53. The stock’s 50-day moving average is $38.78 and its 200-day moving average is $37.67. The company has a market cap of $24.696 billion and a P/E ratio of 19.73.
TELUS Corporation (TSE:T), 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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