TELUS Co. (TSE:T) Given Average Rating of “Moderate Buy” by Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$20.27.

T has been the subject of several analyst reports. ATB Cormark Capital Markets decreased their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a report on Friday, February 13th. TD raised shares of TELUS from a “hold” rating to a “buy” rating and raised their price target for the stock from C$19.00 to C$20.00 in a report on Tuesday, April 28th. Scotiabank cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Barclays decreased their price target on shares of TELUS from C$20.00 to C$19.00 in a report on Tuesday, April 14th. Finally, TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th.

TELUS Stock Performance

Shares of T opened at C$17.18 on Friday. TELUS has a 12 month low of C$16.18 and a 12 month high of C$23.18. The stock has a fifty day moving average price of C$17.18 and a 200-day moving average price of C$18.00. 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$26.82 billion, a PE ratio of 28.63, a P/E/G ratio of 1.65 and a beta of 0.43.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.23 EPS for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%.The firm had revenue of C$4.99 billion during the quarter. Equities research analysts predict that TELUS will post 1.2267985 earnings per share for the current fiscal year.

About TELUS

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.