TELUS (TSE:T) Price Target Lowered to C$24.25 at Scotiabank

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by investment analysts at Scotiabank from C$26.00 to C$24.25 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 11.80% from the company’s current price.

Several other brokerages have also recently commented on T. JPMorgan Chase & Co. decreased their target price on shares of TELUS from C$27.00 to C$24.00 in a report on Wednesday, April 3rd. Barclays decreased their price target on shares of TELUS from C$25.00 to C$24.00 in a report on Monday, February 12th. Royal Bank of Canada decreased their price target on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating for the company in a report on Wednesday, April 10th. National Bankshares lowered their price target on TELUS from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Finally, Veritas Investment Research cut TELUS from a “buy” rating to a “reduce” rating and set a C$27.00 price target for the company. in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, TELUS presently has an average rating of “Moderate Buy” and a consensus target price of C$26.45.

TELUS Price Performance

Shares of T traded up C$0.01 during mid-day trading on Wednesday, hitting C$21.69. The company’s stock had a trading volume of 1,836,945 shares, compared to its average volume of 3,014,677. TELUS has a fifty-two week low of C$21.12 and a fifty-two week high of C$28.95. The firm has a 50-day moving average price of C$22.82 and a 200 day moving average price of C$23.42. The stock has a market capitalization of C$32.10 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.07 and a beta of 0.68. The company has a debt-to-equity ratio of 159.88, a current ratio of 0.67 and a quick ratio of 0.52.

TELUS (TSE:T) (NYSE:TU) last announced its earnings results on Friday, February 9th. The company reported C$0.24 EPS for the quarter, topping the consensus estimate of C$0.23 by C$0.01. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The company had revenue of C$5.20 billion during the quarter, compared to analysts’ expectations of C$5.24 billion. On average, research analysts predict that TELUS will post 0.999543 EPS for the current fiscal year.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.