TELUS (TSE:T) Price Target Lowered to C$19.00 at Desjardins

TELUS (TSE:T) (NYSE:TU) had its price objective decreased by equities research analysts at Desjardins from C$21.00 to C$19.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 28.38% from the company’s current price.

A number of other research firms have also recently commented on T. TD upgraded TELUS from a “hold” rating to a “buy” rating and raised their target price for the company from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. TD Securities raised TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Scotiabank decreased their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a report on Tuesday, July 7th. Barclays lowered their price objective on TELUS from C$20.00 to C$19.00 in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada lowered their price target on shares of TELUS from C$22.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TELUS has a consensus rating of “Moderate Buy” and a consensus price target of C$19.58.

TELUS Trading Up 0.7%

T traded up C$0.11 on Wednesday, hitting C$14.80. 2,990,504 shares of the company were exchanged, compared to its average volume of 7,481,655. The firm has a fifty day simple moving average of C$16.38 and a two-hundred day simple moving average of C$17.52. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67. TELUS has a 12 month low of C$14.28 and a 12 month high of C$23.18. The stock has a market capitalization of C$23.11 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, May 8th. The company reported C$0.23 earnings per share for the quarter. The firm had revenue of C$4.99 billion during the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. Sell-side analysts expect that TELUS will post 1.2267985 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.