TELUS (TSE:T) Price Target Cut to C$23.00

TELUS (TSE:TGet Free Report) (NYSE:TU) had its target price reduced by investment analysts at JPMorgan Chase & Co. from C$24.00 to C$23.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 9.79% from the company’s current price.

A number of other research analysts have also recently weighed in on the company. CIBC dropped their price target on TELUS from C$26.00 to C$25.00 in a research report on Monday. Canaccord Genuity Group cut their target price on shares of TELUS from C$25.00 to C$23.00 and set a “buy” rating for the company in a research report on Tuesday. 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, April 2nd. Royal Bank of Canada cut their price objective on TELUS from C$29.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 10th. Finally, National Bankshares decreased their price objective on TELUS from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$24.94.

Read Our Latest Research Report on T

TELUS Stock Performance

Shares of T stock traded down C$0.10 during trading hours on Wednesday, reaching C$20.95. 1,316,700 shares of the company’s stock were exchanged, compared to its average volume of 3,243,708. The company’s 50 day moving average is C$21.91 and its two-hundred day moving average is C$22.73. The company has a market cap of C$31.01 billion, a P/E ratio of 40.38, a price-to-earnings-growth ratio of 2.07 and a beta of 0.67. The company has a debt-to-equity ratio of 159.88, a current ratio of 0.67 and a quick ratio of 0.52. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94.

TELUS (TSE:TGet Free Report) (NYSE:TU) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.02. TELUS had a return on equity of 4.96% and a net margin of 4.20%. The business had revenue of C$4.93 billion for the quarter, compared to analysts’ expectations of C$5.06 billion. Equities research analysts anticipate that TELUS will post 1.0009001 EPS for the current fiscal year.

TELUS Company Profile

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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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