TELUS (TSE:T) Hits New 1-Year Low – Should You Sell?

TELUS Co. (TSE:T) (NYSE:TU) shares reached a new 52-week low on Monday. The company traded as low as C$11.36 and last traded at C$11.41, with a volume of 449400 shares. The stock had previously closed at C$11.47.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Morgan Stanley lowered TELUS from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from C$20.00 to C$13.00 in a research note on Tuesday, July 21st. Royal Bank Of Canada downgraded TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. ATB Cormark Capital Markets cut their price objective on TELUS from C$19.00 to C$16.50 and set a “sector perform” rating for the company in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce cut TELUS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Finally, Desjardins lowered TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$18.11.

TELUS Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85. The stock has a 50-day simple moving average of C$13.01 and a 200 day simple moving average of C$15.27. The stock has a market capitalization of C$17.62 billion, a price-to-earnings ratio of -18.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.59.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$4.92 billion for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. On average, equities research analysts forecast that TELUS Co. 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.