TELUS Co. (TSE:T) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts broadly rate TELUS “Hold”: Of 13 analysts, nine recommend holding the stock, while two rate it a sell, one a buy and one a strong buy. The average 12-month price target is C$18.68.
• Several firms recently downgraded TELUS or lowered their price targets, including Morgan Stanley, CIBC, Canaccord Genuity, and RBC. Morgan Stanley cut its target to C$13.00 and assigned an “underweight” rating.
• TELUS shares opened at C$13.25, near the company’s 52-week low of C$12.93, while the latest quarter included C$4.92 billion in revenue and C$0.16 in earnings per share. The company reported negative net margin and return on equity.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has received a consensus recommendation of "Hold" from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$18.68.

T has been the topic of several analyst reports. Morgan Stanley downgraded shares of TELUS from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from C$20.00 to C$13.00 in a research note on Tuesday, July 21st. 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. Canaccord Genuity Group decreased 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 report on Friday, July 10th. Raymond James Financial set a C$18.50 price objective on TELUS and gave the company a "market perform" rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada downgraded TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 4th.

TELUS Stock Down 1.0%

TSE T opened at C$13.25 on Thursday. The stock has a market capitalization of C$20.87 billion, a PE ratio of -22.46, a PEG ratio of 1.65 and a beta of 0.48. TELUS has a 1 year low of C$12.93 and a 1 year high of C$23.18. The business's 50-day moving average is C$15.11 and its 200 day moving average is C$16.91. The company has a debt-to-equity ratio of 236.85, a current ratio of 0.67 and a quick ratio of 0.52.

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 during the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. Sell-side analysts forecast that TELUS 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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