TELUS (TSE:T) Given New C$25.00 Price Target at TD Securities

Key Points

• TD Securities lowered its price target on TELUS to C$25.00 from C$26.00 while retaining a "buy" rating, a target that implies roughly a 40.69% upside from the stock's current level.
• Consensus from analysts is a "Moderate Buy" with an average price target of C$22.25; analyst breakdown: 1 Strong Buy, 7 Buy, 3 Hold and 1 Sell.
• TELUS shares recently traded at C$17.77, with a market cap of C$27.51 billion, a PE ratio of 22.78 and a 52‑week range of C$17.46–C$23.29.

TELUS (TSE:T - Get Free Report) NYSE: TU had its price target reduced by equities researchers at TD Securities from C$26.00 to C$25.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price target would suggest a potential upside of 40.69% from the stock's current price.

A number of other brokerages have also issued reports on T. BMO Capital Markets lowered TELUS from an "outperform" rating to a "hold" rating and cut their price target for the stock from C$23.00 to C$19.00 in a research note on Thursday. CIBC boosted their price objective on TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. Scotiabank increased their target price on TELUS from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Monday, September 8th. Morgan Stanley decreased their target price on TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. Finally, Canaccord Genuity Group upgraded TELUS from a "hold" rating to a "buy" rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, TELUS has a consensus rating of "Moderate Buy" and an average price target of C$22.25.

TELUS Stock Performance

Shares of T stock traded up C$0.14 during trading hours on Monday, reaching C$17.77. The company had a trading volume of 5,258,225 shares, compared to its average volume of 4,616,940. The firm has a market cap of C$27.51 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The business has a fifty day moving average price of C$19.97 and a 200-day moving average price of C$21.46. TELUS has a one year low of C$17.46 and a one year high of C$23.29. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its earnings results on Friday, November 7th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$5.07 billion during the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. Sell-side analysts predict that TELUS will post 1.2267985 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.