Scotiabank Lowers TELUS (TSE:T) Price Target to C$19.00

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by analysts at Scotiabank from C$20.00 to C$19.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 27.77% from the company’s previous close.

Several other equities research analysts have also commented on T. TD upgraded TELUS from a “hold” rating to a “buy” rating and upped their price target for the stock from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. Royal Bank Of Canada decreased their target price on TELUS from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Barclays cut their price target on shares of TELUS from C$20.00 to C$19.00 in a report on Tuesday, April 14th. Desjardins set a C$21.00 price objective on shares of TELUS and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$20.04.

TELUS Trading Up 2.2%

TSE T traded up C$0.32 during trading hours on Tuesday, hitting C$14.87. 3,793,046 shares of the company’s stock were exchanged, compared to its average volume of 7,558,760. The business’s 50 day moving average is C$16.68 and its 200-day moving average is C$17.65. TELUS has a 12-month low of C$14.28 and a 12-month high of C$23.18. The firm has a market capitalization of C$23.22 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings results on Friday, May 8th. The company reported C$0.23 earnings per share for the quarter. The company 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, analysts anticipate that TELUS will post 1.2267985 EPS 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.