TELUS (TSE:T) Stock Price Target Cut by Scotiabank

TELUS (TSE:T) (NYSE:TU) had its price objective cut by analysts at Scotiabank from C$17.00 to C$15.25 in a research report issued on Tuesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 28.48% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Raymond James Financial set a C$18.50 price target on TELUS and gave the stock a “market perform” rating in a report on Thursday, July 16th. Royal Bank Of Canada cut TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce dropped their price objective on TELUS from C$15.00 to C$14.00 and set a “neutral” rating for the company in a report on Thursday, October 8th. Canaccord Genuity Group cut their price objective on TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research report on Friday, July 10th. Finally, ATB Cormark Capital Markets reduced their target price on TELUS from C$13.50 to C$12.00 and set a “hold” rating on the stock in a research note on Monday. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$16.30.

TELUS Trading Up 1.5%

TSE T traded up C$0.18 during trading on Tuesday, hitting C$11.87. The stock had a trading volume of 2,991,042 shares, compared to its average volume of 8,048,642. The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. The stock has a market capitalization of C$18.70 billion, a price-to-earnings ratio of -20.12, a P/E/G ratio of 1.65 and a beta of 0.59. TELUS has a one year low of C$10.89 and a one year high of C$21.37. The stock has a 50 day simple moving average of C$12.56 and a 200 day simple moving average of C$14.86.

TELUS (TSE:T) (NYSE:TU) last announced its 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 return on equity of 6.56% and a negative net margin of 4.55%. Sell-side analysts predict that TELUS will post 1.23 earnings per share for the current year.

TELUS Company Profile

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.