TELUS (TSE:T) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• TELUS shares fell below their 200-day moving average of C$14.95, trading as low as C$11.58 and closing at C$11.85 on high volume.
• Analysts have recently lowered their price targets, with ratings concentrated around “Hold.” The consensus target is C$16.89, implying potential upside from the reported share price.
• TELUS reported C$0.16 in quarterly EPS and C$4.92 billion in revenue, but continued to show a negative net margin and return on equity alongside elevated debt-to-equity of 236.85.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU's stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$14.95 and traded as low as C$11.58. TELUS shares last traded at C$11.85, with a volume of 10,811,384 shares trading hands.

Analysts Set New Price Targets

T has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce cut their price objective on shares of TELUS from C$15.00 to C$14.00 and set a "neutral" rating on the stock in a report on Thursday, October 8th. Desjardins reduced their price objective on TELUS from C$13.50 to C$13.00 and set a "hold" rating for the company in a report on Wednesday, October 7th. National Bank Financial cut their target price on shares of TELUS from C$15.00 to C$13.00 in a research report on Wednesday, September 30th. Morgan Stanley cut 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. Finally, 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 note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$16.89.

TELUS Trading Up 2.8%

The firm has a fifty day simple moving average of C$12.63 and a two-hundred day simple moving average of C$14.95. The stock has a market cap of C$18.66 billion, a PE ratio of -20.08, a PEG ratio of 1.65 and a beta of 0.59. 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 issued its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share (EPS) for the quarter. TELUS had a negative return on equity of 6.56% and a negative net margin of 4.55%. The firm had revenue of C$4.92 billion during the quarter. As a group, equities analysts expect that TELUS Co. will post 1.23 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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