TELUS Co. (TSE:T) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$20.27.

A number of analysts recently issued reports on T shares. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$21.00 to C$17.50 in a research note on Thursday, April 9th. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Barclays decreased their price objective on shares of TELUS from C$20.00 to C$19.00 in a report on Tuesday, April 14th. Royal Bank Of Canada decreased their price objective on shares of TELUS from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Finally, Scotiabank downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th.

TELUS Stock Up 1.4%

Shares of TSE:T opened at C$16.30 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56. The company has a fifty day simple moving average of C$16.93 and a 200 day simple moving average of C$17.82. The firm has a market cap of C$25.45 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. TELUS has a 12-month low of C$16.05 and a 12-month high of C$23.18.

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