TELUS (TSE:T) Rating Lowered to “Hold” at BMO Capital Markets

TELUS (TSE:T) (NYSE:TU) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “hold” rating in a research report issued on Thursday, MarketBeat reports. They currently have a C$19.00 target price on the stock, down from their prior target price of C$23.00. BMO Capital Markets’ target price would indicate a potential upside of 7.77% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley reduced their price target on shares of TELUS from C$25.00 to C$20.00 in a research report on Wednesday. National Bankshares boosted their price objective on TELUS from C$21.00 to C$21.50 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Finally, Scotiabank lifted their target price on shares of TELUS from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$22.25.

TELUS Trading Up 0.2%

TSE:T opened at C$17.63 on Thursday. TELUS has a 1 year low of C$17.46 and a 1 year high of C$23.29. The stock has a market cap of C$27.29 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.65 and a beta of 0.90. 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 50-day simple moving average of C$19.97 and a 200-day simple moving average of C$21.47.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data 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 company had revenue of C$5.07 billion for 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.