Barclays Cuts TELUS (TSE:T) Price Target to C$17.00

TELUS (TSE:T) (NYSE:TU) had its target price decreased by Barclays from C$19.00 to C$17.00 in a research note released on Thursday,BayStreet.CA reports.

T has been the subject of a number of other research reports. TD Securities upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Scotiabank dropped their price objective on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 7th. Canaccord Genuity Group reduced their target price on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a report on Friday, July 10th. Desjardins decreased their target price on shares of TELUS from C$21.00 to C$19.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada decreased their target price on shares of TELUS from C$22.00 to C$20.00 and set an “outperform” 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 issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, TELUS presently has an average rating of “Hold” and an average price target of C$19.36.

TELUS Price Performance

Shares of TSE T opened at C$14.56 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56. TELUS has a twelve month low of C$14.28 and a twelve month high of C$23.18. The stock has a 50 day moving average of C$16.21 and a two-hundred day moving average of C$17.46. The stock 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.

TELUS (TSE:T) (NYSE:TU) last announced its 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 for the quarter. TELUS had a net margin of 4.57% and a return on equity of 6.41%. On average, research analysts forecast that TELUS will post 1.2267985 earnings per share for the current 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.