TELUS (TSE:T) Given New C$14.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised its TELUS price target to C$14 from C$13 and maintained a “sector perform” rating, implying 10.24% upside from the prior close.
• Analyst sentiment is broadly neutral: MarketBeat reports an average “Hold” rating and a consensus price target of C$16.43, with 10 of 14 analysts rating the stock a Hold.
• TELUS shares traded at C$12.70 on Monday. The company reported quarterly earnings of C$0.16 per share and revenue of C$5.02 billion.

TELUS (TSE:T - Get Free Report) NYSE: TU had its price objective increased by equities research analysts at National Bank Financial from C$13.00 to C$14.00 in a report released on Monday, BayStreet reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's price objective suggests a potential upside of 10.24% from the stock's previous close.

A number of other research analysts have also commented on T. Barclays lowered their price target on TELUS from C$19.00 to C$17.00 in a report on Thursday, July 16th. Scotiabank reduced their price objective on shares of TELUS from C$17.00 to C$15.25 and set a "sector perform" rating for the company in a report on Tuesday, October 20th. Canadian Imperial Bank of Commerce decreased their target price on shares of TELUS from C$15.00 to C$14.00 and set a "neutral" rating for the company in a research report on Thursday, October 8th. Raymond James Financial set a C$18.50 target price on shares of TELUS and gave the company a "market perform" rating in a research note on Thursday, July 16th. Finally, ATB Cormark Capital Markets dropped their price target on shares of TELUS from C$14.00 to C$13.00 and set a "sector perform" rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$16.43.

TELUS Stock Performance

T stock traded down C$0.11 on Monday, reaching C$12.70. The company's stock had a trading volume of 4,660,659 shares, compared to its average volume of 8,079,194. TELUS has a 52 week low of C$10.89 and a 52 week high of C$20.97. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52. The company has a market capitalization of C$20.00 billion, a P/E ratio of -21.53, a price-to-earnings-growth ratio of 1.65 and a beta of 0.70. The firm has a fifty day moving average of C$12.24 and a two-hundred day moving average of C$15.58.

TELUS (TSE:T - Get Free Report) NYSE: TU last announced its earnings results on Friday, November 6th. The company reported C$0.16 earnings per share for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. The firm had revenue of C$5.02 billion for the quarter. As a group, analysts predict that TELUS will post 1.23 EPS for the current fiscal 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.

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