TELUS (TSE:T) Price Target Raised to C$14.00

TELUS (TSE:T) (NYSE:TU) had its price objective increased by research analysts at National Bank Financial from C$13.00 to C$14.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial‘s target price would indicate a potential upside of 10.24% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Desjardins decreased their target price on TELUS from C$13.50 to C$13.00 and set a “hold” rating on the stock in a report on Wednesday, October 7th. Morgan Stanley downgraded TELUS from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from C$20.00 to C$13.00 in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce decreased their price target on TELUS from C$15.00 to C$14.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Royal Bank Of Canada lowered TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Scotiabank dropped their price target on TELUS from C$17.00 to C$15.25 and set a “sector perform” rating on the stock in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$16.43.

TELUS Price Performance

TELUS stock traded down C$0.11 during mid-day trading on Monday, hitting C$12.70. The company’s stock had a trading volume of 4,660,659 shares, compared to its average volume of 8,079,194. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85. The stock has a market capitalization of C$20.00 billion, a P/E ratio of -21.53, a P/E/G ratio of 1.65 and a beta of 0.70. TELUS has a twelve month low of C$10.89 and a twelve month high of C$20.97. The stock’s fifty day moving average price is C$12.24 and its two-hundred day moving average price is C$15.58.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Friday, November 6th. The company reported C$0.16 earnings per share (EPS) for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. The company had revenue of C$5.02 billion for the quarter. Research analysts forecast 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.