TELUS (TSE:T) Price Target Raised to C$16.25

Key Points

• Scotia raised TELUS’s price target to C$16.25 from C$15.25 while maintaining a “sector perform” rating; the new target implies 27.95% upside from the previous close.
• Analyst sentiment is broadly neutral: MarketBeat reports an average “Hold” rating and a consensus price target of C$16.43, with 10 analysts rating the stock Hold.
• TELUS shares traded at C$12.70 on Monday, down C$0.11; the company reported quarterly EPS of C$0.16 and revenue of C$5.02 billion.

TELUS (TSE:T - Get Free Report) NYSE: TU had its price target upped by equities researchers at Scotia from C$15.25 to C$16.25 in a research note issued on Monday, BayStreet reports. The firm presently has a "sector perform" rating on the stock. Scotia's price objective would suggest a potential upside of 27.95% from the stock's previous close.

T has been the subject of several other reports. ATB Cormark Capital Markets lowered their price target on shares of TELUS from C$14.00 to C$13.00 and set a "sector perform" rating for the company in a research note on Monday. Royal Bank Of Canada downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Canadian Imperial Bank of Commerce lowered their price target on shares of TELUS from C$15.00 to C$14.00 and set a "neutral" rating for the company in a report on Thursday, October 8th. Scotiabank dropped their price target on shares of TELUS from C$17.00 to C$15.25 and set a "sector perform" rating for the company in a research report on Tuesday, October 20th. Finally, Raymond James Financial set a C$18.50 price target on shares of TELUS and gave the stock a "market perform" rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$16.43.

TELUS Price Performance

TSE:T traded down C$0.11 during mid-day trading on Monday, reaching C$12.70. The stock had a trading volume of 4,660,659 shares, compared to its average volume of 8,079,194. The stock has a market capitalization of C$20.00 billion, a P/E ratio of -21.53, a P/E/G ratio of 1.65 and a beta of 0.70. The firm has a 50 day moving average price of C$12.24 and a two-hundred day moving average price of C$15.58. The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. TELUS has a one year low of C$10.89 and a one year high of C$20.97.

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

About TELUS

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.