TELUS Co. (TSE:T) Given Consensus Rating of "Hold" by Brokerages

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has earned a consensus rating of "Hold" from the twelve research firms that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$23.04.

Several research analysts have weighed in on T shares. Canaccord Genuity Group increased their price target on shares of TELUS from C$20.25 to C$21.50 in a research report on Monday, May 12th. BMO Capital Markets increased their price target on shares of TELUS from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada decreased their price objective on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Scotiabank set a C$24.50 target price on shares of TELUS and gave the company an "outperform" rating in a research note on Friday, June 13th. Finally, Bank of America cut shares of TELUS from a "buy" rating to a "neutral" rating and lowered their target price for the company from C$24.00 to C$22.00 in a research note on Friday, March 21st.

TELUS Price Performance

T stock opened at C$22.62 on Wednesday. TELUS has a 1 year low of C$19.10 and a 1 year high of C$23.43. The company has a market cap of C$34.06 billion, a P/E ratio of 36.70, a PEG ratio of 1.65 and a beta of 0.72. The firm has a 50-day moving average of C$21.94 and a 200 day moving average of C$21.17. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52.

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.

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