TELUS Co. (TSE:T) Stock Has Average Price Target of C$16.30 According to Brokerages

Key Points

• Analyst consensus is “Hold”: Of 13 analysts covering TELUS, nine recommend holding, two rate it a sell, one a buy, and one a strong buy. The average 12-month price target is C$16.30.
• Several brokerages recently lowered their targets: CIBC, Scotiabank, ATB Cormark, and Desjardins cut their price objectives, while Raymond James maintained a market-perform rating with an C$18.50 target.
• TELUS faces notable financial pressures: The stock opened at C$12.19, below its 200-day moving average of C$15.88, while the company reported negative net margin and return on equity and carries a debt-to-equity ratio of 236.85.

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have been given an average rating of "Hold" by the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$16.30.

Several research analysts have weighed in on the company. Raymond James Financial set a C$18.50 price target on TELUS and gave the company a "market perform" rating in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce reduced their price target on TELUS from C$15.00 to C$14.00 and set a "neutral" rating on the stock in a research note on Thursday, October 8th. Scotiabank decreased their price objective on TELUS from C$17.00 to C$15.25 and set a "sector perform" rating on the stock in a report on Tuesday, October 20th. ATB Cormark Capital Markets lowered their price objective on TELUS from C$13.50 to C$12.00 and set a "hold" rating for the company in a research report on Monday, October 19th. Finally, Desjardins dropped their target price on TELUS from C$13.50 to C$13.00 and set a "hold" rating for the company in a research note on Wednesday, October 7th.

TELUS Stock Performance

TSE:T opened at C$12.19 on Tuesday. The firm has a 50 day simple moving average of C$12.46 and a 200-day simple moving average of C$15.88. 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 firm has a market cap of C$19.20 billion, a PE ratio of -20.66, a P/E/G ratio of 1.65 and a beta of 0.59. TELUS has a 1-year low of C$10.89 and a 1-year high of C$21.05.

TELUS (TSE:T - Get Free Report) NYSE: TU last announced its earnings results on Friday, July 31st. 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 firm had revenue of C$4.92 billion for the quarter. On average, equities analysts expect that TELUS will post 1.23 EPS for the current 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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