TELUS (TSE:T) Sets New 1-Year Low - Here's What Happened

Key Points

• TELUS shares fell 2.5% to a new 52-week low, trading as low as C$12.86 and closing near C$12.91, below its 50-day and 200-day moving averages.
• Analyst sentiment has weakened, with recent downgrades and reduced price targets; the stock carries an overall “Hold” rating and an average target 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%.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU hit a new 52-week low on Thursday . The stock traded as low as C$12.86 and last traded at C$12.91, with a volume of 837330 shares. The stock had previously closed at C$13.07.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Raymond James Financial set a C$18.50 price objective on TELUS and gave the company a "market perform" rating in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce downgraded shares of TELUS from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 31st. ATB Cormark Capital Markets reduced their price objective on TELUS from C$19.00 to C$16.50 and set a "sector perform" rating for the company in a research note on Tuesday, July 28th. Barclays dropped their price target on shares of TELUS from C$19.00 to C$17.00 in a research note on Thursday, July 16th. Finally, Morgan Stanley lowered TELUS from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from C$20.00 to C$13.00 in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, TELUS currently has an average rating of "Hold" and an average target price of C$18.68.

TELUS Stock Down 2.5%

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 50-day simple moving average of C$13.99 and a two-hundred day simple moving average of C$16.14. The company has a market cap of C$20.07 billion, a PE ratio of -21.59, a P/E/G ratio of 1.65 and a beta of 0.53.

TELUS (TSE:T - Get Free Report) NYSE: TU last released its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) for the quarter. The company had revenue of C$4.92 billion for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. Research analysts anticipate 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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