TELUS (TSE:T) Price Target Raised to C$14.00

TELUS (TSE:T) (NYSE:TU) had its price objective increased by National Bank Financial from C$13.00 to C$14.00 in a report issued on Monday,BayStreet reports. The firm currently has a sector perform rating on the stock.

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

TELUS Stock Down 0.7%

TELUS stock opened at C$12.33 on Monday. The stock has a market cap of C$19.60 billion, a P/E ratio of -9.27, a P/E/G ratio of 1.65 and a beta of 0.70. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85. TELUS has a twelve month low of C$10.89 and a twelve month high of C$20.78. The company’s 50-day moving average price is C$12.18 and its two-hundred day moving average price is C$15.48.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, November 6th. The company reported C$0.16 earnings per share (EPS) for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. The firm had revenue of C$5.02 billion during the quarter. As a group, analysts expect that TELUS will post 1.23 EPS 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.