TELUS (TSE:T) Shares Cross Below 200 Day Moving Average – Time to Sell?

TELUS Co. (TSE:T) (NYSE:TU) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.71 and traded as low as C$18.78. TELUS shares last traded at C$18.78, with a volume of 3,804,794 shares traded.

Analysts Set New Price Targets

T has been the subject of several research reports. CIBC raised their target price on TELUS from C$24.00 to C$25.00 in a research note on Friday, October 17th. TD Securities reduced their price objective on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Monday, December 15th. Desjardins set a C$23.00 target price on TELUS and gave the company a “buy” rating in a research note on Monday, January 12th. Natl Bk Canada raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Finally, National Bankshares decreased their target price on shares of TELUS from C$21.50 to C$21.00 and set an “outperform” rating for the company in a research note on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$21.83.

TELUS Stock Performance

The stock’s 50-day moving average price is C$18.42 and its 200 day moving average price is C$20.71. 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 cap of C$29.13 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.65 and a beta of 0.85.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. The business 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%. As a group, research analysts expect that TELUS Co. 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.