TELUS (TSE:T) PT Set at C$18.50 by Raymond James Financial

TELUS (TSE:T) (NYSE:TU) has been given a C$18.50 price objective by research analysts at Raymond James Financial in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 27.06% from the company’s previous close.

A number of other research firms have also weighed in on T. Barclays reduced their target price on TELUS from C$19.00 to C$17.00 in a report on Thursday. Scotiabank decreased their price target on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 7th. TD raised shares of TELUS from a “hold” rating to a “buy” rating and increased their price target for the stock from C$19.00 to C$20.00 in a report on Tuesday, April 28th. Royal Bank Of Canada cut their price objective on shares of TELUS from C$22.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Finally, Canaccord Genuity Group reduced their price objective on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TELUS currently has an average rating of “Hold” and a consensus target price of C$19.36.

TELUS Trading Down 2.0%

TSE:T opened at C$14.56 on Thursday. The company has a market cap of C$22.73 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.65 and a beta of 0.47. The stock’s fifty day moving average price is C$16.21 and its two-hundred day moving average price is C$17.46. TELUS has a 1 year low of C$14.28 and a 1 year high of C$23.18. The company has a debt-to-equity ratio of 199.56, a current ratio of 0.67 and a quick ratio of 0.52.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly 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 company had revenue of C$4.99 billion during the quarter. As a group, analysts expect that TELUS will post 1.2267985 EPS 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.