TELUS (TSE:T) Stock Price Target Cut by Desjardins

Key Points

• Desjardins lowered its TELUS price target from C$13.50 to C$13.00 while maintaining a “hold” rating, implying approximately 14.64% upside from the current price.
• Analyst sentiment remains cautious: TELUS has a consensus “hold” rating, with nine holds, two sells, one buy, and one strong buy; the consensus target is C$17.68.
• TELUS shares traded at C$11.34, near their 52-week low of C$11.06. The company reported C$4.92 billion in quarterly revenue and C$0.16 in earnings per share, but posted negative net margin and return on equity.

TELUS (TSE:T - Get Free Report) NYSE: TU had its target price lowered by investment analysts at Desjardins from C$13.50 to C$13.00 in a note issued to investors on Wednesday, BayStreet reports. The brokerage currently has a "hold" rating on the stock. Desjardins' price objective would suggest a potential upside of 14.64% from the company's current price.

A number of other equities analysts have also recently commented on T. Royal Bank Of Canada cut shares of TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Morgan Stanley cut TELUS from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from C$20.00 to C$13.00 in a research note on Tuesday, July 21st. Barclays lowered their price objective on TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. National Bank Financial cut their target price on shares of TELUS from C$15.00 to C$13.00 in a report on Wednesday, September 30th. Finally, Canaccord Genuity Group decreased their target price on shares of TELUS from C$16.75 to C$15.50 and set a "hold" rating on the stock in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$17.68.

TELUS Price Performance

Shares of TSE T traded up C$0.15 during mid-day trading on Wednesday, reaching C$11.34. 5,929,738 shares of the company were exchanged, compared to its average volume of 8,018,441. TELUS has a 52 week low of C$11.06 and a 52 week high of C$21.68. The company's 50 day moving average price is C$13.01 and its 200 day moving average price is C$15.27. The stock has a market capitalization of C$17.86 billion, a PE ratio of -19.22, a PEG ratio of 1.65 and a beta of 0.59. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85.

TELUS (TSE:T - Get Free Report) NYSE: TU last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) 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$4.92 billion during the quarter. Sell-side analysts forecast that TELUS will post 1.2267985 earnings per share for the current fiscal 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.

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