Desjardins Downgrades TELUS (TSE:T) to Hold

TELUS (TSE:T) (NYSE:TU) was downgraded by equities research analysts at Desjardins from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on T. Scotiabank cut their target price on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 7th. Canadian Imperial Bank of Commerce lowered TELUS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. ATB Cormark Capital Markets cut their price objective on TELUS from C$19.00 to C$16.50 and set a “sector perform” rating on the stock in a research note on Tuesday, July 28th. Royal Bank Of Canada reduced their target price on TELUS from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Finally, Barclays decreased their target price on TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$18.68.

TELUS Price Performance

Shares of TSE T opened at C$13.39 on Tuesday. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52. TELUS has a 1-year low of C$12.93 and a 1-year high of C$23.18. The company has a market capitalization of C$20.91 billion, a price-to-earnings ratio of -22.69, a PEG ratio of 1.65 and a beta of 0.47. The business has a 50-day moving average of C$15.56 and a 200-day moving average of C$17.13.

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