TELUS (TSE:T) Reaches New 12-Month Low – Time to Sell?

TELUS Co. (TSE:T) (NYSE:TU)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as C$16.18 and last traded at C$16.27, with a volume of 4491075 shares. The stock had previously closed at C$16.49.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Scotiabank lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Desjardins set a C$21.00 target price on shares of TELUS and gave the stock a “buy” rating in a report on Wednesday, May 13th. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and cut their target price for the company from C$21.00 to C$17.50 in a research note on Thursday, April 9th. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada reduced their target price on shares of TELUS from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$20.27.

TELUS Stock Up 0.1%

The company has a market capitalization of C$25.50 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 199.56. The business has a 50-day moving average price of C$16.94 and a 200-day moving average price of C$17.85.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Friday, May 8th. The company reported C$0.23 earnings per share for the quarter. The business 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%. As a group, equities analysts anticipate that TELUS Co. will post 1.2267985 earnings per share for the current fiscal 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.