TELUS (TSE:T) Stock Price Crosses 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$17.97 and traded as low as C$16.86. TELUS shares last traded at C$17.00, with a volume of 10,670,833 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on T shares. Royal Bank Of Canada decreased their price objective on TELUS from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. Scotiabank cut TELUS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. TD upgraded TELUS from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. ATB Cormark Capital Markets decreased their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Friday, February 13th. Finally, Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$21.00 to C$17.50 in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$20.27.

TELUS Stock Down 1.0%

The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67. The firm has a market cap of C$26.54 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. The firm has a 50-day moving average price of C$17.16 and a two-hundred day moving average price of C$17.97.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, May 8th. The company reported C$0.23 earnings per share for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%.The business had revenue of C$4.99 billion for the quarter. On average, sell-side analysts forecast that TELUS Co. will post 1.2267985 earnings per share for the current year.

TELUS Company Profile

TELUS Digital, a wholly-owned subsidiary of TELUS Corporation (TSX: T, NYSE: TU), crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients’ products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.