TELUS (TSE:T) Hits New 1-Year Low - Time to Sell?

Key Points

• TELUS shares fell to a new 52-week low of C$11.36 on Monday, well below their 50-day and 200-day moving averages of C$13.15 and C$15.37, respectively.
• Analyst sentiment has weakened, with several brokerages cutting price targets and ratings. The stock carries an overall “Hold” consensus and an average target price of C$18.11.
• TELUS reported C$4.92 billion in quarterly revenue and C$0.16 earnings per share, but posted a negative 4.55% net margin and negative 6.56% return on equity; its debt-to-equity ratio was elevated at 236.85.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU reached a new 52-week low during trading on Monday. The company traded as low as C$11.36 and last traded at C$11.41, with a volume of 449400 shares changing hands. The stock had previously closed at C$11.47.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on T. Morgan Stanley cut shares of TELUS from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. Scotiabank dropped their price objective on TELUS from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 7th. Royal Bank Of Canada cut TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, August 4th. ATB Cormark Capital Markets decreased their target price on TELUS from C$19.00 to C$16.50 and set a "sector perform" rating for the company in a research report on Tuesday, July 28th. Finally, Canaccord Genuity Group dropped their price target 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. One research 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$18.11.

TELUS Trading Down 1.0%

The company has a debt-to-equity ratio of 236.85, a quick ratio of 0.52 and a current ratio of 0.67. The stock has a market capitalization of C$17.89 billion, a PE ratio of -19.25, a price-to-earnings-growth ratio of 1.65 and a beta of 0.53. The business's 50-day moving average is C$13.15 and its two-hundred day moving average is C$15.37.

TELUS (TSE:T - Get Free Report) NYSE: TU last issued its earnings results on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. The business had revenue of C$4.92 billion for the quarter. As a group, equities research analysts anticipate that TELUS Co. will post 1.2267985 earnings per share 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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