TELUS (TSE:T) Stock Gets Price Target Reduction from ATB Cormark Capital Markets

TELUS (TSE:T) (NYSE:TU) had its price objective reduced by ATB Cormark Capital Markets from C$14.00 to C$13.00 in a research report released on Monday,BayStreet reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

T has been the subject of a number of other research reports. Barclays lowered their price objective on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. Morgan Stanley lowered TELUS from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from C$20.00 to C$13.00 in a report on Tuesday, July 21st. Raymond James Financial set a C$18.50 target price on TELUS and gave the company a “market perform” rating in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce lowered their price target on TELUS from C$15.00 to C$14.00 and set a “neutral” rating for the company in a report on Thursday, October 8th. Finally, Desjardins dropped their price target on TELUS from C$13.50 to C$13.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$16.43.

TELUS Stock Down 0.7%

Shares of TSE:T opened at C$12.33 on Monday. TELUS has a 52 week low of C$10.89 and a 52 week high of C$20.78. The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. The company has a market capitalization of C$19.60 billion, a PE ratio of -9.27, a PEG ratio of 1.65 and a beta of 0.70. The company has a 50 day moving average price of C$12.18 and a two-hundred day moving average price of C$15.48.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, November 6th. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$5.02 billion for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. Analysts forecast that TELUS will post 1.23 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.