TELUS (TSE:T) Stock Gets Price Target Cut from Canadian Imperial Bank of Commerce

TELUS (TSE:T) (NYSE:TU) had its price target reduced by Canadian Imperial Bank of Commerce from C$15.00 to C$14.00 in a research report released on Thursday morning,BayStreet reports. Canadian Imperial Bank of Commerce currently has a neutral rating on the stock.

T has been the subject of several other reports. National Bank Financial reduced their price objective on TELUS from C$15.00 to C$13.00 in a research report on Wednesday, September 30th. Morgan Stanley downgraded TELUS from an “equal weight” rating to an “underweight” rating and cut their target price for the company from C$20.00 to C$13.00 in a research note on Tuesday, July 21st. Royal Bank Of Canada lowered TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Raymond James Financial set a C$18.50 price target on TELUS and gave the stock a “market perform” rating in a research note on Thursday, July 16th. Finally, ATB Cormark Capital Markets lowered their price target on TELUS from C$19.00 to C$16.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 28th. One equities research 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$16.89.

TELUS Stock Performance

TSE:T opened at C$11.03 on Thursday. The firm has a 50-day moving average of C$12.80 and a two-hundred day moving average of C$15.15. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52. The stock has a market cap of C$17.37 billion, a P/E ratio of -18.69, a PEG ratio of 1.65 and a beta of 0.59. TELUS has a 1-year low of C$10.89 and a 1-year high of C$21.63.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) for the quarter. The business 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%. On average, research analysts expect that TELUS will post 1.23 earnings per share for the current fiscal 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.