TELUS (TSE:T) Stock Price Target Lowered at ATB Cormark Capital Markets

Key Points

• ATB Cormark lowered TELUS’s price target from C$14 to C$13, maintaining a “sector perform” rating; the new target implies 2.36% upside from the share price cited in the report.
• Analyst sentiment is broadly cautious: TELUS has a consensus “Hold” rating and an average price target of C$16.43, with 10 of 14 analysts rating it a Hold.
• TELUS shares traded at C$12.70, within a 52-week range of C$10.89 to C$20.97. In its latest reported quarter, the company posted EPS of C$0.16 and revenue of C$5.02 billion.

TELUS (TSE:T - Get Free Report) NYSE: TU had its price target dropped by investment analysts at ATB Cormark Capital Markets from C$14.00 to C$13.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm presently has a "sector perform" rating on the stock. ATB Cormark Capital Markets's target price suggests a potential upside of 2.36% from the company's current price.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada cut TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Scotiabank dropped their price target on TELUS from C$17.00 to C$15.25 and set a "sector perform" rating for the company in a research note on Tuesday, October 20th. Raymond James Financial set a C$18.50 price objective on shares of TELUS and gave the company a "market perform" rating in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce reduced their price objective on shares of TELUS from C$15.00 to C$14.00 and set a "neutral" rating on the stock in a research report on Thursday, October 8th. Finally, Barclays reduced their price objective on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$16.43.

TELUS Price Performance

Shares of T traded down C$0.11 during trading hours on Monday, reaching C$12.70. 4,660,659 shares of the stock traded hands, compared to its average volume of 8,079,194. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85. TELUS has a 52-week low of C$10.89 and a 52-week high of C$20.97. The company's 50-day moving average price is C$12.24 and its two-hundred day moving average price is C$15.58. The company has a market cap 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.

TELUS (TSE:T - Get Free Report) NYSE: TU last issued its quarterly earnings results on Friday, November 6th. The company reported C$0.16 earnings per share (EPS) for the quarter. The business had revenue of C$5.02 billion during the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. On average, analysts anticipate 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.

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