National Bankshares Lowers TELUS (TSE:T) Price Target to C$21.00

TELUS (TSE:T) (NYSE:TU) had its price target decreased by analysts at National Bankshares from C$21.50 to C$21.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 20.00% from the company’s previous close.

A number of other analysts have also recently issued reports on T. Desjardins decreased their target price on TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Thursday, October 9th. CIBC lifted their price target on shares of TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. Morgan Stanley dropped their price objective on shares of TELUS from C$25.00 to C$20.00 in a research report on Wednesday, December 10th. Scotiabank raised their target price on shares of TELUS from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, September 8th. Finally, Canaccord Genuity Group upgraded shares of TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$22.21.

TELUS Stock Up 0.4%

Shares of TSE T opened at C$17.50 on Wednesday. The stock has a market capitalization of C$27.14 billion, a PE ratio of 22.44, a P/E/G ratio of 1.65 and a beta of 0.90. 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 firm has a fifty day moving average of C$19.28 and a 200-day moving average of C$21.16. TELUS has a 52-week low of C$17.26 and a 52-week high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$5.07 billion for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%. On average, analysts anticipate that TELUS will post 1.2267985 EPS for the current 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. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.