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

TELUS Co. (TSE:T) (NYSE:TU) shares hit a new 52-week low on Thursday . The company traded as low as C$12.86 and last traded at C$12.91, with a volume of 837330 shares changing hands. The stock had previously closed at C$13.07.

Analyst Ratings Changes

Several research firms recently issued reports on T. National Bank Financial downgraded TELUS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Morgan Stanley cut TELUS from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. Royal Bank Of Canada downgraded TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Canaccord Genuity Group cut their price objective on TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a report on Friday, July 10th. Finally, Desjardins cut TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$18.68.

TELUS Price Performance

The firm’s fifty day moving average price is C$13.91 and its 200 day moving average price is C$16.07. The firm has a market capitalization of C$19.84 billion, a PE ratio of -21.36, a P/E/G ratio of 1.65 and a beta of 0.53. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) for the quarter. The firm had revenue of C$4.92 billion during the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. As a group, equities analysts forecast that TELUS Co. will post 1.2267985 earnings per share for the current 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.