TELUS Co. (TSE:T) Stock Has Average Price Target of C$18.11 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on TELUS, with nine holds, two sells, one buy and one strong buy among 13 analysts. The average 12-month price target is C$18.11.
• Several major brokerages recently downgraded TELUS or reduced their price targets, including CIBC, Desjardins, RBC, Canaccord Genuity and Scotiabank.
• TELUS shares opened at C$11.63, near their 52-week low of C$11.53, while the company reported quarterly revenue of C$4.92 billion and earnings of C$0.16 per share.

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have been given a consensus recommendation of "Hold" by the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$18.11.

T has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce lowered TELUS from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 31st. Desjardins downgraded TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Canaccord Genuity Group cut their price objective on 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. Scotiabank cut their price objective on TELUS from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada cut TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 4th.

TELUS Price Performance

Shares of TSE:T opened at C$11.63 on Friday. 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 52 week low of C$11.53 and a 52 week high of C$22.05. The firm has a market cap of C$18.32 billion, a PE ratio of -19.71, a price-to-earnings-growth ratio of 1.65 and a beta of 0.53. The firm's fifty day moving average is C$13.21 and its 200-day moving average is C$15.42.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. The business had revenue of C$4.92 billion during the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. Sell-side analysts predict that TELUS will post 1.2267985 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.