TELUS (TSE:T) Hits New 52-Week Low – What’s Next?

TELUS Co. (TSE:T) (NYSE:TU)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$16.05 and last traded at C$16.30, with a volume of 6853285 shares changing hands. The stock had previously closed at C$16.07.

Analysts Set New Price Targets

A number of equities analysts have issued reports on T shares. Desjardins set a C$21.00 price objective on shares of TELUS and gave the company a “buy” rating in a research report on Wednesday, May 13th. TD upgraded TELUS from a “hold” rating to a “buy” rating and boosted their price target for the company from C$19.00 to C$20.00 in a report on Tuesday, April 28th. Canaccord Genuity Group downgraded TELUS from a “buy” rating to a “hold” rating and decreased their target price for the company from C$21.00 to C$17.50 in a report on Thursday, April 9th. Barclays reduced their price target on shares of TELUS from C$20.00 to C$19.00 in a research report on Tuesday, April 14th. Finally, TD Securities upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, TELUS currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.27.

TELUS Stock Up 1.4%

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 stock’s 50-day moving average price is C$16.93 and its two-hundred day moving average price is C$17.82. The stock has a market capitalization of C$25.45 billion, a PE ratio of 27.17, a P/E/G ratio of 1.65 and a beta of 0.43.

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 company 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%. As a group, analysts expect that TELUS Co. will post 1.2267985 EPS for the current fiscal year.

About TELUS

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.