TELUS (TSE:T) Hits New 12-Month Low – Should You Sell?

TELUS Co. (TSE:T) (NYSE:TU)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as C$14.96 and last traded at C$15.04, with a volume of 4411077 shares. The stock had previously closed at C$15.33.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Desjardins set a C$21.00 price target on shares of TELUS and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating and cut their target price for the stock from C$21.00 to C$17.50 in a report on Thursday, April 9th. Barclays lowered their target price on TELUS from C$20.00 to C$19.00 in a report on Tuesday, April 14th. Royal Bank Of Canada dropped their target price on TELUS from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. Finally, TD Securities raised TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$20.27.

TELUS Trading Down 2.3%

The firm has a market capitalization of C$23.39 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 199.56. The firm’s 50 day moving average is C$16.85 and its 200 day moving average is C$17.74.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, May 8th. The company reported C$0.23 EPS for the quarter. The company had revenue of C$4.99 billion during the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%. Equities analysts forecast that TELUS Co. 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.