TELUS (TSE:T) Stock Crosses Below 200-Day Moving Average – Here’s Why

TELUS Co. (TSE:T) (NYSE:TU) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$14.95 and traded as low as C$11.58. TELUS shares last traded at C$11.85, with a volume of 10,811,384 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on T. Desjardins reduced their price target on shares of TELUS from C$13.50 to C$13.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. National Bank Financial decreased their price target on shares of TELUS from C$15.00 to C$13.00 in a research note on Wednesday, September 30th. Canaccord Genuity Group lowered their price objective on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a report on Friday, July 10th. Raymond James Financial set a C$18.50 price objective on shares of TELUS and gave the stock a “market perform” rating in a report on Thursday, July 16th. Finally, Scotiabank cut their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, TELUS presently has a consensus rating of “Hold” and an average price target of C$16.89.

TELUS Stock Up 0.5%

The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85. The company has a market capitalization of C$18.76 billion, a P/E ratio of -20.19, a price-to-earnings-growth ratio of 1.65 and a beta of 0.59. The company has a 50-day moving average of C$12.60 and a two-hundred day moving average of C$14.93.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) for the quarter. The business had revenue of C$4.92 billion during the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. On average, research analysts predict that TELUS Co. will post 1.23 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.