TELUS (TSE:T) Stock Gets Price Target Cut from Desjardins

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by Desjardins from C$13.50 to C$13.00 in a report published on Wednesday morning,BayStreet reports. Desjardins currently has a hold rating on the stock.

Several other equities research analysts have also issued reports on the company. Royal Bank Of Canada lowered TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. National Bank Financial decreased their price objective on shares of TELUS from C$15.00 to C$13.00 in a report on Wednesday, September 30th. Scotiabank lowered 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 Tuesday, July 7th. Barclays lowered their target price on shares of TELUS from C$19.00 to C$17.00 in a research note on Thursday, July 16th. Finally, ATB Cormark Capital Markets reduced their price target on shares of TELUS from C$19.00 to C$16.50 and set a “sector perform” rating on the stock in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, TELUS has an average rating of “Hold” and an average target price of C$16.89.

TELUS Stock Down 3.5%

Shares of TELUS stock opened at C$11.03 on Wednesday. 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 firm has a market cap of C$17.37 billion, a P/E ratio of -18.69, a P/E/G ratio of 1.65 and a beta of 0.59. TELUS has a fifty-two week low of C$10.89 and a fifty-two week high of C$21.63. The business has a 50-day moving average price of C$12.80 and a 200 day moving average price of C$15.15.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, July 31st. The company reported C$0.16 EPS for the quarter. The company had revenue of C$4.92 billion for 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 forecast that TELUS 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.