TD Securities Cuts TELUS (TSE:T) Price Target to C$25.00

TELUS (TSE:T) (NYSE:TU) had its price target trimmed by TD Securities from C$26.00 to C$25.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently commented on T. JPMorgan Chase & Co. cut shares of TELUS from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from C$22.00 to C$19.00 in a research report on Tuesday, November 18th. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. CIBC raised their price target on TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. BMO Capital Markets lowered TELUS from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$23.00 to C$19.00 in a research report on Thursday, December 11th. Finally, Scotiabank increased their target price on TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$22.25.

TELUS Stock Down 0.4%

TELUS stock opened at C$17.44 on Monday. The company’s 50 day simple moving average is C$19.73 and its 200 day simple moving average is C$21.36. TELUS has a fifty-two week low of C$17.39 and a fifty-two week high of C$23.29. The firm has a market capitalization of C$27.00 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.65 and a beta of 0.90. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52.

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

About TELUS

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.