TELUS (TSE:T) Price Target Cut to C$19.00 by Analysts at Desjardins

TELUS (TSE:T) (NYSE:TU) had its target price decreased by Desjardins from C$21.00 to C$19.00 in a research note published on Wednesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. Royal Bank Of Canada cut their price target on shares of TELUS from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Canaccord Genuity Group dropped their target price on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday, July 10th. TD raised shares of TELUS from a “hold” rating to a “buy” rating and raised their target price for the stock from C$19.00 to C$20.00 in a research report on Tuesday, April 28th. Finally, Scotiabank decreased their price target on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, TELUS has an average rating of “Moderate Buy” and an average price target of C$19.58.

TELUS Trading Up 0.2%

T stock opened at C$14.72 on Wednesday. The firm has a fifty day moving average price of C$16.32 and a 200 day moving average price of C$17.50. TELUS has a fifty-two week low of C$14.28 and a fifty-two week high of C$23.18. The firm has a market cap of C$22.98 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data 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 for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. Sell-side analysts anticipate that TELUS will post 1.2267985 earnings per share 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.