TELUS Co. (TSE:T) Receives C$23.23 Consensus PT from Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$23.23.

Several research analysts have recently commented on the company. Scotiabank boosted their price target on TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, September 8th. Desjardins decreased their price target on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. National Bankshares set a C$23.00 price objective on shares of TELUS and gave the stock a “sector perform” rating in a research report on Tuesday, August 12th. CIBC boosted their price objective on shares of TELUS from C$24.00 to C$25.00 in a research note on Friday, October 17th. Finally, BMO Capital Markets lowered their target price on shares of TELUS from C$24.00 to C$23.00 in a research note on Monday, November 10th.

TELUS Price Performance

TSE T opened at C$20.38 on Tuesday. The company has a market cap of C$31.55 billion, a PE ratio of 26.13, a P/E/G ratio of 1.65 and a beta of 0.93. The firm’s 50 day moving average price is C$21.38 and its 200-day moving average price is C$21.91. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. TELUS has a 52-week low of C$19.10 and a 52-week high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.32 EPS for the quarter. The company had revenue of C$5.07 billion during the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. Sell-side analysts forecast that TELUS will post 1.2267985 EPS for the current fiscal year.

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.