TD Securities Lowers TELUS (TSE:T) Price Target to C$25.00

TELUS (TSE:T) (NYSE:TU) had its target price decreased by equities researchers at TD Securities from C$26.00 to C$25.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 42.78% from the stock’s current price.

Several other equities research analysts have also commented on T. Morgan Stanley decreased their price target on TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. Scotiabank lifted their price objective on TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, September 8th. Canaccord Genuity Group raised TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Desjardins dropped their price target on TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Finally, Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$22.25.

TELUS Stock Performance

Shares of T opened at C$17.51 on Monday. The company has a 50-day simple moving average of C$19.81 and a 200-day simple moving average of C$21.39. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The company has a market capitalization of C$27.11 billion, a PE ratio of 22.45, a P/E/G ratio of 1.65 and a beta of 0.90. TELUS has a 52-week low of C$17.44 and a 52-week high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Friday, November 7th. The company reported C$0.24 EPS for the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. The firm had revenue of C$5.07 billion for the quarter. Equities research analysts predict 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.