TELUS (TSE:T) Given New C$19.00 Price Target at Barclays

Key Points

• Barclays cut its price target for TELUS to C$19.00 from C$20.00, implying about a 13.16% upside from the stock's prior close.
• Other analysts have also trimmed targets; the consensus rating is Hold (3 Buy, 5 Hold, 1 Sell) with an average target of C$20.33.
• TELUS traded at C$16.79 (below analyst targets), has a market cap of C$26.22 billion, and carries a notably high debt-to-equity ratio of 199.42.

TELUS (TSE:T - Get Free Report) NYSE: TU had its target price decreased by equities research analysts at Barclays from C$20.00 to C$19.00 in a report issued on Tuesday,BayStreet.CA reports. Barclays's price objective would suggest a potential upside of 13.16% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. TD Securities lowered shares of TELUS from a "buy" rating to a "hold" rating and dropped their price objective for the stock from C$21.00 to C$19.00 in a research note on Thursday, April 2nd. Desjardins dropped their price objective on shares of TELUS from C$23.00 to C$21.50 and set a "buy" rating on the stock in a research note on Tuesday, April 7th. ATB Cormark Capital Markets dropped their price objective on shares of TELUS from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a research note on Friday, February 13th. Royal Bank Of Canada dropped their price objective on shares of TELUS from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a research note on Thursday, April 9th. Finally, National Bank Financial dropped their price objective on shares of TELUS from C$21.50 to C$21.00 and set an "outperform" rating on the stock in a research note on Tuesday, December 30th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$20.33.

TELUS Trading Up 0.8%

Shares of T traded up C$0.13 during trading hours on Tuesday, reaching C$16.79. 2,886,912 shares of the company traded hands, compared to its average volume of 7,365,769. The company's fifty day moving average price is C$18.32 and its two-hundred day moving average price is C$19.03. The company has a market capitalization of C$26.22 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.65 and a beta of 0.56. The company has a quick ratio of 0.52, a current ratio of 0.86 and a debt-to-equity ratio of 199.42. TELUS has a 12 month low of C$16.18 and a 12 month high of C$23.18.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.20 EPS for the quarter. TELUS had a net margin of 5.47% and a return on equity of 7.68%. The business had revenue of C$5.23 billion for the quarter. Equities research analysts predict that TELUS will post 1.2267985 earnings per share for the current fiscal year.

About TELUS

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. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.

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