TELUS Co. (TSE:T) Receives C$19.36 Consensus Target Price from Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has received a consensus rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$18.86.

Several analysts recently weighed in on the company. Scotiabank decreased their price objective 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. Barclays reduced their target price on TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Raymond James Financial set a C$18.50 target price on TELUS and gave the stock a “market perform” rating in a report on Thursday, July 16th. Finally, Royal Bank Of Canada decreased their target price on shares of 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.

TELUS Stock Up 1.2%

Shares of TSE T opened at C$14.40 on Friday. TELUS has a 52-week low of C$14.02 and a 52-week high of C$23.18. The firm has a market capitalization of C$22.48 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.65 and a beta of 0.47. The stock has a 50 day moving average price of C$15.94 and a 200 day moving average price of C$17.34. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data 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 company had revenue of C$4.99 billion for the quarter. Sell-side analysts expect that TELUS will post 1.2267985 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.