BMO Capital Markets Forecasts Strong Price Appreciation for TELUS (TSE:T) Stock

TELUS (TSE:T) (NYSE:TU) had its price target boosted by BMO Capital Markets from C$23.00 to C$24.00 in a research note released on Wednesday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group raised their target price on TELUS from C$20.25 to C$21.50 in a research report on Monday, May 12th. Royal Bank Of Canada dropped their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Scotiabank set a C$24.50 price target on TELUS and gave the stock an “outperform” rating in a research note on Friday, June 13th. Bank of America downgraded TELUS from a “buy” rating to a “neutral” rating and dropped their price target for the stock from C$24.00 to C$22.00 in a research note on Friday, March 21st. Finally, Cormark downgraded TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$23.04.

TELUS Price Performance

Shares of TSE T opened at C$22.03 on Wednesday. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$23.43. The firm has a market capitalization of C$33.17 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The stock’s 50-day simple moving average is C$21.88 and its 200-day simple moving average is C$21.13.

About TELUS

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.