Raymond James Financial Reiterates “C$18.50” Price Target for TELUS (TSE:T)

Raymond James Financial set a C$18.50 target price on TELUS (TSE:T) (NYSE:TU) in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Other analysts also recently issued reports about the company. TD Securities upgraded TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Desjardins reduced their target price on TELUS from C$21.00 to C$19.00 and set a “buy” rating on the stock in a report on Wednesday. Royal Bank Of Canada reduced their target price on TELUS from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. TD raised TELUS from a “hold” rating to a “buy” rating and boosted their price target for the company from C$19.00 to C$20.00 in a research report on Tuesday, April 28th. Finally, Scotiabank dropped their price target on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$19.36.

TELUS Stock Down 2.0%

Shares of TSE:T opened at C$14.56 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 199.56. The firm has a market cap of C$22.73 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.65 and a beta of 0.47. The stock’s 50-day moving average price is C$16.21 and its two-hundred day moving average price is C$17.46. TELUS has a 12-month low of C$14.28 and a 12-month high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last posted 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 net margin of 4.57% and a return on equity of 6.41%. On average, research analysts forecast that TELUS will post 1.2267985 EPS 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.