TELUS (TSE:T) PT Lowered to C$24.00 at JPMorgan Chase & Co.

TELUS (TSE:TGet Free Report) (NYSE:TU) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from C$27.00 to C$24.00 in a research note issued on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 10.96% from the company’s current price.

A number of other analysts have also issued reports on T. National Bankshares lowered their price target on TELUS from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Royal Bank of Canada upped their target price on shares of TELUS from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Veritas Investment Research cut shares of TELUS from a “buy” rating to a “reduce” rating and set a C$27.00 target price for the company. in a research report on Friday, January 26th. BMO Capital Markets lowered their price target on shares of TELUS from C$26.00 to C$24.00 in a research report on Tuesday. Finally, Desjardins increased their price objective on shares of TELUS from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$27.00.

Read Our Latest Stock Analysis on T

TELUS Stock Performance

T stock traded down C$0.01 during midday trading on Wednesday, hitting C$21.63. 1,874,072 shares of the stock traded hands, compared to its average volume of 2,967,955. TELUS has a 1-year low of C$21.12 and a 1-year high of C$28.95. The company has a debt-to-equity ratio of 159.88, a current ratio of 0.67 and a quick ratio of 0.52. The stock’s fifty day simple moving average is C$23.26 and its 200-day simple moving average is C$23.47. The firm has a market cap of C$32.01 billion, a P/E ratio of 38.00, a PEG ratio of 2.07 and a beta of 0.70.

TELUS (TSE:TGet Free Report) (NYSE:TU) last issued its quarterly earnings results on Friday, February 9th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.01. The company had revenue of C$5.20 billion for the quarter, compared to the consensus estimate of C$5.24 billion. TELUS had a return on equity of 4.96% and a net margin of 4.20%. On average, analysts expect that TELUS will post 1 earnings per share for the current year.

TELUS Company Profile

(Get Free Report)

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.

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Analyst Recommendations for TELUS (TSE:T)

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