TELUS (TSE:T) Price Target Cut to C$15.50 by Analysts at Canaccord Genuity Group

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by Canaccord Genuity Group from C$16.75 to C$15.50 in a research report sent to investors on Friday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other equities analysts also recently commented on T. Desjardins set a C$21.00 price objective on shares of TELUS and gave the company a “buy” rating in a report on Wednesday, May 13th. TD raised shares of TELUS from a “hold” rating to a “buy” rating and upped their price target for the stock from C$19.00 to C$20.00 in a report on Tuesday, April 28th. Scotiabank dropped their price objective on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Tuesday. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada reduced their price objective on shares of TELUS from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$19.73.

TELUS Stock Performance

TSE T remained flat at C$14.76 on Friday. 4,331,805 shares of the company were exchanged, compared to its average volume of 7,540,288. TELUS has a 12-month low of C$14.28 and a 12-month high of C$23.18. 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 stock’s fifty day moving average price is C$16.47 and its two-hundred day moving average price is C$17.56. The firm has a market cap of C$23.05 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.23 earnings per share 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 earnings per share for the current 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.