TELUS (TSE:T) Stock Price Expected to Rise, National Bankshares Analyst Says

TELUS (TSE:T) (NYSE:TU) had its target price upped by investment analysts at National Bankshares from C$21.00 to C$21.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 14.97% from the stock’s previous close.

T has been the subject of a number of other research reports. Canaccord Genuity Group upgraded shares of TELUS from a “hold” rating to a “buy” rating in a research note on Thursday. CIBC boosted their target price on shares of TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. Natl Bk Canada raised TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. lowered shares of TELUS from a “neutral” rating to an “underweight” rating and decreased their target price for the company from C$22.00 to C$19.00 in a report on Tuesday, November 18th. Finally, Scotiabank boosted their price target on TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$22.82.

TELUS Trading Up 0.3%

TSE T opened at C$18.70 on Thursday. The stock’s 50 day moving average price is C$20.35 and its two-hundred day moving average price is C$21.61. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The stock has a market capitalization of C$28.95 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.65 and a beta of 0.90. TELUS has a 52 week low of C$17.92 and a 52 week high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. The business had revenue of C$5.07 billion during the quarter. As a group, analysts anticipate that TELUS will post 1.2267985 earnings per share 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.