TELUS (TSE:T) Sets New 52-Week Low - What's Next?

Key Points

• TELUS shares hit a new 52-week low, falling to C$11.81 before last trading at C$11.84, down from the previous close of C$12.00.
• Analyst sentiment has weakened, with several brokerages downgrading TELUS to “Hold” and lowering price targets. The stock carries an overall “Hold” rating and 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 reached a new 52-week low during trading on Monday. The stock traded as low as C$11.81 and last traded at C$11.84, with a volume of 641675 shares changing hands. The stock had previously closed at C$12.00.

Analysts Set New Price Targets

A number of brokerages recently weighed in on T. Canaccord Genuity Group lowered their target price on shares of TELUS from C$16.75 to C$15.50 and set a "hold" rating on the stock in a report on Friday, July 10th. Canadian Imperial Bank of Commerce cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 31st. Raymond James Financial set a C$18.50 price objective on shares of TELUS and gave the company a "market perform" rating in a research report on Thursday, July 16th. Desjardins lowered shares of TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, National Bank Financial cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, TELUS presently has an average rating of "Hold" and an average target price of C$18.68.

TELUS Trading Down 1.3%

The business has a 50 day moving average of C$13.42 and a two-hundred day moving average of C$15.60. The firm has a market cap of C$18.65 billion, a P/E ratio of -20.07, a PEG 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.

TELUS (TSE:T - Get Free Report) NYSE: TU last released its quarterly earnings data 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 during the quarter. Analysts predict that TELUS Co. 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.

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