TELUS (TSE:T) Rating Lowered to “Hold” at National Bank Financial

TELUS (TSE:T) (NYSE:TU) was downgraded by stock analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the company. ATB Cormark Capital Markets dropped their price target on TELUS from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce downgraded TELUS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Morgan Stanley cut TELUS from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from C$20.00 to C$13.00 in a report on Tuesday, July 21st. Canaccord Genuity Group lowered their target price 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, Desjardins downgraded TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$18.68.

TELUS Stock Up 0.1%

Shares of T stock opened at C$13.39 on Monday. The company’s fifty day simple moving average is C$15.56 and its two-hundred day simple moving average is C$17.13. TELUS has a 52 week low of C$12.93 and a 52 week high of C$23.18. The stock has a market cap of C$20.91 billion, a P/E ratio of -22.69, a PEG ratio of 1.65 and a beta of 0.47. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%.The firm had revenue of C$4.92 billion during the quarter. Analysts predict that TELUS will post 1.2267985 EPS 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.