TELUS (TSE:T) Lowered to Hold Rating by Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of TELUS (TSE:T) (NYSE:TU) from a moderate buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

T has been the subject of several other reports. Barclays dropped their price target on TELUS from C$19.00 to C$17.00 in a research note on Thursday, July 16th. Canaccord Genuity Group reduced their price objective on TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday, July 10th. Desjardins cut TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday. TD raised shares of TELUS from a “hold” rating to a “buy” rating and increased their target price for the stock from C$19.00 to C$20.00 in a research report on Tuesday, April 28th. Finally, National Bank Financial downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$18.68.

TELUS Trading Up 0.1%

TSE T opened at C$13.39 on Tuesday. The company has a market cap of C$20.91 billion, a P/E ratio of -22.69, a P/E/G ratio of 1.65 and a beta of 0.47. TELUS has a 12 month low of C$12.93 and a 12 month high of C$23.18. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52. The company has a 50-day moving average of C$15.56 and a 200-day moving average of C$17.13.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. The business had revenue of C$4.92 billion for the quarter. As a group, equities analysts predict that TELUS 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.