TELUS Co. (TSE:T) Given Consensus Rating of “Moderate Buy” by Analysts

TELUS Co. (TSE:T) (NYSE:TU) has received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$22.21.

Several brokerages have recently commented on T. TD Securities reduced their target price on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Monday, December 15th. BMO Capital Markets lowered shares of TELUS from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$23.00 to C$19.00 in a research note on Thursday, December 11th. Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Desjardins cut their target price on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Finally, National Bankshares reduced their target price on TELUS from C$21.50 to C$21.00 and set an “outperform” rating for the company in a report on Tuesday.

TELUS Trading Up 0.6%

Shares of TSE:T opened at C$17.87 on Wednesday. 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$27.72 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.65 and a beta of 0.90. TELUS has a 1-year low of C$17.26 and a 1-year high of C$23.29. The company has a 50 day moving average price of C$19.06 and a 200 day moving average price of C$21.05.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.24 EPS for the quarter. The company had revenue of C$5.07 billion during the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%. On average, research analysts anticipate that TELUS will post 1.2267985 EPS 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. 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.