National Bankshares Cuts TELUS (TSE:T) Price Target to C$21.00

TELUS (TSE:T) (NYSE:TU) had its price target lowered by National Bankshares from C$21.50 to C$21.00 in a research report released on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley dropped their price target on shares of TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Natl Bk Canada upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Scotiabank increased their price objective on shares of TELUS from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, September 8th. Finally, CIBC lifted their target price on TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.21.

TELUS Trading Up 0.4%

TSE:T opened at C$17.50 on Wednesday. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. TELUS has a 1 year low of C$17.26 and a 1 year high of C$23.29. The stock has a market capitalization of C$27.14 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.65 and a beta of 0.90. The stock has a fifty day moving average price of C$19.20 and a two-hundred day moving average price of C$21.12.

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

TELUS Company Profile

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. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.