TELUS (TSE:T) Reaches New 12-Month Low - Should You Sell?

Key Points

• TELUS shares fell to a new 52-week low of C$12.17, well below their 50-day and 200-day moving averages of C$13.63 and C$15.79, respectively.
• Analyst sentiment has weakened, with several firms downgrading the stock or cutting price targets. TELUS has a consensus “Hold” rating and an average price target of C$18.68.
• The company 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 was elevated at 236.85.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU shares reached a new 52-week low during trading on Tuesday . The company traded as low as C$12.17 and last traded at C$12.20, with a volume of 8851221 shares traded. The stock had previously closed at C$12.31.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on T. Barclays cut their price objective on TELUS from C$19.00 to C$17.00 in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 31st. National Bank Financial downgraded shares of TELUS from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Canaccord Genuity Group reduced their price objective on shares of TELUS from C$16.75 to C$15.50 and set a "hold" rating for the company in a research report on Friday, July 10th. Finally, Morgan Stanley cut shares of TELUS from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from C$20.00 to C$13.00 in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, TELUS has an average rating of "Hold" and a consensus price target of C$18.68.

TELUS Price Performance

The company has a market cap of C$19.21 billion, a price-to-earnings ratio of -20.68, a P/E/G ratio of 1.65 and a beta of 0.53. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85. The business has a 50-day moving average price of C$13.63 and a 200 day moving average price of C$15.79.

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 (EPS) for the quarter. The business had revenue of C$4.92 billion for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. As a group, research analysts expect that TELUS Co. will post 1.2267985 earnings per share for the current fiscal 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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