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

TELUS Co. (TSE:T) (NYSE:TU)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$14.02 and last traded at C$14.05, with a volume of 1509860 shares traded. The stock had previously closed at C$14.47.

Wall Street Analysts Forecast Growth

T has been the subject of a number of recent research reports. Desjardins lowered their price objective on TELUS from C$21.00 to C$19.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. TD raised TELUS from a “hold” rating to a “buy” rating and increased their target price for the stock from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. Scotiabank reduced their price target on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a report on Tuesday, July 7th. Royal Bank Of Canada lowered their price target on TELUS from C$22.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Finally, Canaccord Genuity Group dropped their price target on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$19.36.

TELUS Price Performance

The firm has a 50-day moving average of C$16.16 and a 200-day moving average of C$17.44. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67. The firm has a market capitalization of C$22.28 billion, a P/E ratio of 23.78, a PEG ratio of 1.65 and a beta of 0.47.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, May 8th. The company reported C$0.23 EPS for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%.The business had revenue of C$4.99 billion during the quarter. As a group, analysts predict that TELUS Co. will post 1.2267985 EPS 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.