TELUS Co. (TSE:T) Given Average Recommendation of “Moderate Buy” by Analysts

TELUS Co. (TSE:T) (NYSE:TU) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$20.27.

Several analysts have weighed in on T shares. TD Securities raised TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. ATB Cormark Capital Markets cut their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Friday, February 13th. Desjardins set a C$21.00 price objective on TELUS and gave the company a “buy” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada cut their price objective on TELUS from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. Finally, Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating and cut their price objective for the company from C$21.00 to C$17.50 in a research report on Thursday, April 9th.

TELUS Stock Up 0.2%

Shares of TSE:T opened at C$17.31 on Friday. The stock’s 50-day moving average is C$17.26 and its 200 day moving average is C$18.12. The company has a debt-to-equity ratio of 199.56, a current ratio of 0.67 and a quick ratio of 0.52. The company has a market cap of C$27.03 billion, a PE ratio of 28.85, a P/E/G ratio of 1.65 and a beta of 0.58. TELUS has a 1 year low of C$16.18 and a 1 year high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Friday, May 8th. The company reported C$0.23 earnings per share 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 EPS 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.