TELUS (TSE:T) Hits New 12-Month Low - Here's Why

Key Points

• TELUS shares fell to a new 52-week low of C$12.47, below the previous close of C$12.66, with more than 1.15 million shares traded.
• Several analysts recently downgraded the stock, including Morgan Stanley, which cut its rating to “underweight” and lowered its target to C$13. The consensus rating is now “Hold,” with an average target price of C$18.68.
• TELUS reported quarterly revenue of C$4.92 billion and EPS of C$0.16, but posted a negative net margin of 4.55% and negative return on equity of 6.56%; its debt-to-equity ratio stood at 236.85.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU's stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$12.47 and last traded at C$12.49, with a volume of 1157215 shares changing hands. The stock had previously closed at C$12.66.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Desjardins cut shares of TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce cut TELUS from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 31st. Morgan Stanley downgraded TELUS from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from C$20.00 to C$13.00 in a research note on Tuesday, July 21st. Raymond James Financial set a C$18.50 target price on TELUS and gave the stock a "market perform" rating in a research report on Thursday, July 16th. Finally, National Bank Financial downgraded TELUS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$18.68.

TELUS Stock Performance

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 firm's 50 day moving average is C$13.83 and its 200-day moving average is C$15.97. The firm has a market cap of C$19.66 billion, a price-to-earnings ratio of -21.15, a price-to-earnings-growth ratio of 1.65 and a beta of 0.53.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its earnings results on Friday, July 31st. The company reported C$0.16 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. Sell-side analysts anticipate that TELUS Co. 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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