TELUS (TSE:T) Shares Break Above 50-Day Moving Average – Time to Sell?

TELUS Co. (TSE:T) (NYSE:TU) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$12.31 and traded as high as C$12.41. TELUS shares last traded at C$12.37, with a volume of 9,025,309 shares changing hands.

Analyst Ratings Changes

T has been the topic of several recent research reports. Barclays reduced their price target on TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. Desjardins cut their target price on TELUS from C$13.50 to C$13.00 and set a “hold” rating on the stock in a research note on Wednesday, October 7th. Canaccord Genuity Group reduced their target price on TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a report on Friday, July 10th. National Bank Financial reduced their target price on TELUS from C$15.00 to C$13.00 in a report on Wednesday, September 30th. Finally, Canadian Imperial Bank of Commerce decreased their target price on TELUS from C$15.00 to C$14.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$16.30.

TELUS Trading Up 2.4%

The company has a market capitalization of C$19.48 billion, a P/E ratio of -20.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.59. The business has a fifty day moving average price of C$12.31 and a 200 day moving average price of C$15.72. 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 announced its quarterly earnings data 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 during the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. On average, analysts expect that TELUS Co. will post 1.23 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.