TELUS (TSE:T) Reaches New 52-Week Low – Should You Sell?

TELUS Co. (TSE:T) (NYSE:TU) reached a new 52-week low on Wednesday . The stock traded as low as C$17.44 and last traded at C$17.51, with a volume of 9484523 shares changing hands. The stock had previously closed at C$17.58.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, September 8th. TD Securities dropped their price objective on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets downgraded shares of TELUS from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$23.00 to C$19.00 in a report on Thursday, December 11th. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Finally, National Bankshares upped their price target on TELUS from C$21.00 to C$21.50 and gave the company an “outperform” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$22.25.

TELUS Trading Down 0.4%

The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The company’s 50-day moving average is C$19.81 and its 200-day moving average is C$21.39. The stock has a market capitalization of C$27.11 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.65 and a beta of 0.90.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$5.07 billion for the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. Research analysts anticipate that TELUS Co. will post 1.2267985 earnings per share for the current fiscal year.

About TELUS

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.