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

TELUS (TSE:T) (NYSE:TU) received a C$18.50 price target from research analysts at Raymond James Financial in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 23.99% from the stock’s previous close.

T has been the subject of several other research reports. TD raised TELUS from a “hold” rating to a “buy” rating and raised their target price for the stock from C$19.00 to C$20.00 in a research report on Tuesday, April 28th. Barclays dropped their price target on TELUS from C$19.00 to C$17.00 in a research report on Thursday. Royal Bank Of Canada reduced their price objective on 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. Canaccord Genuity Group decreased their price objective on 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. Finally, Scotiabank lowered their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$19.36.

TELUS Trading Up 1.4%

Shares of T traded up C$0.20 during midday trading on Thursday, hitting C$14.92. The stock had a trading volume of 4,036,046 shares, compared to its average volume of 7,474,418. The business has a 50-day simple moving average of C$16.32 and a two-hundred day simple moving average of C$17.50. The firm has a market cap of C$23.30 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. 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 fifty-two week low of C$14.28 and a fifty-two week high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last released its quarterly 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%. As a group, equities analysts forecast 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.