TELUS (TSE:T) PT Lowered to C$24.25

TELUS (TSE:T) (NYSE:TU) had its target price cut by investment analysts at Scotiabank from C$26.00 to C$24.25 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 11.60% from the stock’s current price.

A number of other analysts also recently commented on T. Royal Bank of Canada decreased their price objective on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 10th. National Bankshares reduced their price target on shares of TELUS from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Veritas Investment Research downgraded shares of TELUS from a “buy” rating to a “reduce” rating and set a C$27.00 price target on the stock. in a report on Friday, January 26th. CIBC reduced their price target on shares of TELUS from C$28.00 to C$26.00 in a report on Thursday, April 4th. Finally, BMO Capital Markets reduced their price target on shares of TELUS from C$26.00 to C$24.00 in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, TELUS has a consensus rating of “Moderate Buy” and a consensus price target of C$26.45.

TELUS Trading Up 0.2 %

TSE T opened at C$21.73 on Wednesday. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67. The firm has a market cap of C$32.16 billion, a PE ratio of 37.47, a P/E/G ratio of 2.07 and a beta of 0.68. TELUS has a one year low of C$21.12 and a one year high of C$28.95. The firm’s fifty day moving average is C$22.75 and its two-hundred day moving average is C$23.39.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, February 9th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.01. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The business had revenue of C$5.20 billion for the quarter, compared to analyst estimates of C$5.24 billion. Analysts expect that TELUS will post 0.999543 earnings per share for the current year.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.