TELUS Co. (TSE:T) Receives Average Recommendation of “Moderate Buy” from Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$20.31.

T has been the topic of a number of research reports. Royal Bank Of Canada dropped their target price on shares of TELUS from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Barclays lowered their price target on shares of TELUS from C$20.00 to C$19.00 in a research report on Tuesday, April 14th. Scotiabank cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, ATB Cormark Capital Markets decreased their target price on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Friday, February 13th.

TELUS Stock Performance

TELUS stock opened at C$17.18 on Tuesday. TELUS has a fifty-two week low of C$16.18 and a fifty-two week high of C$23.18. The stock’s 50 day simple moving average is C$17.64 and its two-hundred day simple moving average is C$18.46. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67. The stock has a market cap of C$26.82 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.65 and a beta of 0.58.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, May 8th. The company reported C$0.23 EPS for the quarter. The company had revenue of C$4.99 billion during the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. As a group, analysts expect that TELUS will post 1.2267985 earnings per share 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.