TELUS (TSE:T) Stock Rating Upgraded by Canaccord Genuity Group

TELUS (TSE:T) (NYSE:TU) was upgraded by Canaccord Genuity Group from a “hold” rating to a “buy” rating in a report issued on Thursday, Marketbeat.com reports.

A number of other analysts have also issued reports on the stock. Scotiabank lifted their price target on shares of TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, September 8th. CIBC raised their price objective on shares of TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. BMO Capital Markets dropped their target price on shares of TELUS from C$24.00 to C$23.00 in a research report on Monday, November 10th. Desjardins reduced their price target on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Finally, National Bankshares upgraded TELUS from a “sector perform” rating to an “outperform” rating and decreased their price target for the stock from C$23.00 to C$21.00 in a research note on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$22.82.

TELUS Stock Up 0.3%

Shares of TSE T opened at C$18.70 on Thursday. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. TELUS has a 1 year low of C$17.92 and a 1 year high of C$23.29. The stock’s 50-day simple moving average is C$20.35 and its 200-day simple moving average is C$21.61. The firm has a market cap 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 (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The firm had revenue of C$5.07 billion during the quarter. As a group, equities analysts anticipate that TELUS will post 1.2267985 earnings per share for the current fiscal year.

About TELUS

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.