Royal Bank Of Canada Lowers TELUS (TSE:T) Price Target to C$20.00

TELUS (TSE:T) (NYSE:TU) had its price target decreased by investment analysts at Royal Bank Of Canada from C$22.00 to C$20.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 35.23% from the company’s current price.

T has been the subject of several other reports. TD upgraded shares of TELUS from a “hold” rating to a “buy” rating and raised their target price for the company from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. TD Securities raised 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 TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday. Desjardins set a C$21.00 target price on TELUS and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Barclays lowered their price target on TELUS from C$20.00 to C$19.00 in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$19.73.

TELUS Stock Up 0.2%

Shares of T traded up C$0.03 during trading hours on Friday, hitting C$14.79. The company had a trading volume of 2,187,305 shares, compared to its average volume of 7,522,192. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56. The company has a market capitalization of C$23.09 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. TELUS has a one year low of C$14.28 and a one year high of C$23.18. The company’s fifty day moving average price is C$16.51 and its two-hundred day moving average price is C$17.58.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, May 8th. The company reported C$0.23 earnings per share (EPS) for the quarter. The company 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%. As a group, equities analysts forecast that TELUS will post 1.2267985 earnings per share for the current fiscal 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.