TELUS (TSE:T) Upgraded at Scotiabank

TELUS (TSE:T) (NYSE:TU) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday, BayStreet.CA reports.

Several other research analysts have also recently commented on the company. CIBC lowered their target price on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. BMO Capital Markets lifted their price target on shares of TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and cut their price target for the stock from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. Royal Bank of Canada cut their price target on shares of TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Finally, TD Securities cut their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$24.54.

TELUS Stock Up 2.1 %

Shares of T traded up C$0.47 during midday trading on Monday, reaching C$22.47. 2,079,990 shares of the stock were exchanged, compared to its average volume of 3,236,362. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58. The company has a market capitalization of C$33.26 billion, a P/E ratio of 42.42, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94. The company’s 50 day moving average is C$22.30 and its two-hundred day moving average is C$22.07.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.24 by C$0.01. TELUS had a return on equity of 4.67% and a net margin of 3.91%. The business had revenue of C$4.97 billion for the quarter, compared to the consensus estimate of C$5.04 billion. On average, sell-side analysts anticipate that TELUS will post 1.2267985 earnings per share for the current year.

Insider Activity

In other news, Director Marc Parent acquired 10,530 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of C$22.52 per share, with a total value of C$237,135.60. Insiders own 0.02% of the company’s stock.

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.