TELUS (TSE:T) Sets New 52-Week Low – Here’s Why

TELUS Co. (TSE:T) (NYSE:TU) reached a new 52-week low during trading on Wednesday . The company traded as low as C$12.47 and last traded at C$12.49, with a volume of 1157215 shares changing hands. The stock had previously closed at C$12.66.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on T. National Bank Financial cut TELUS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Barclays cut their price target on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. Canadian Imperial Bank of Commerce lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Morgan Stanley cut shares of TELUS from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from C$20.00 to C$13.00 in a report on Tuesday, July 21st. Finally, Raymond James Financial set a C$18.50 target price on shares of TELUS and gave the company a “market perform” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$18.68.

TELUS Trading Up 0.2%

The company has a fifty day simple moving average of C$13.74 and a two-hundred day simple moving average of C$15.88. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85. The stock has a market capitalization of C$19.64 billion, a P/E ratio of -21.14, a price-to-earnings-growth ratio of 1.65 and a beta of 0.53.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) 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, sell-side analysts expect that TELUS Co. will post 1.2267985 earnings per share for the current 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.