TELUS Co. (TSE:T) Receives Average Rating of “Hold” from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$19.36.

Several analysts have recently weighed in on the stock. 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 report on Friday, July 10th. Desjardins dropped their target price on shares of TELUS from C$21.00 to C$19.00 and set a “buy” rating on the stock in a research report on Wednesday. TD Securities upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Scotiabank cut their price target 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. Finally, Royal Bank Of Canada reduced their price target 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.

TELUS Price Performance

T stock opened at C$14.56 on Friday. The business has a 50 day moving average price of C$16.21 and a 200 day moving average price of C$17.46. The stock has a market cap of C$22.73 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.65 and a beta of 0.47. TELUS has a fifty-two week low of C$14.28 and a fifty-two week high of C$23.18. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 199.56.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings results on Friday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter. The firm had revenue of C$4.99 billion during the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. Equities research 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.