TELUS (TSE:T) Price Target Lowered to C$20.00 at Royal Bank Of Canada

TELUS (TSE:T) (NYSE:TU) had its price target trimmed by Royal Bank Of Canada from C$22.00 to C$20.00 in a research note published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also issued reports on T. Desjardins set a C$21.00 target price on shares of TELUS and gave the company a “buy” rating in a research report on Wednesday, May 13th. TD upgraded shares of TELUS from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. Scotiabank cut their price objective on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Tuesday. TD Securities upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, Canaccord Genuity Group reduced their price objective on TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$19.73.

TELUS Price Performance

TSE:T remained flat at C$14.76 on Friday. The company’s stock had a trading volume of 4,331,805 shares, compared to its average volume of 7,540,288. The stock has a market cap of C$23.05 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56. The business has a 50-day moving average price of C$16.47 and a 200-day moving average price of C$17.56. TELUS has a fifty-two week low of C$14.28 and a fifty-two week high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Friday, May 8th. The company reported C$0.23 earnings per share (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, equities research analysts anticipate that TELUS 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.