TELUS (TSE:T) Hits New 1-Year Low - Time to Sell?

Key Points

• TELUS hit a new 52-week low Monday, trading as low as C$18.42 and last at C$18.46 on about 1.13 million shares traded.
• Analysts are mixed: the consensus is a Moderate Buy (7 Buys, 4 Holds, 1 Sell) with an average target of C$22.77, though several firms recently cut targets or downgraded the stock (e.g., JPMorgan to C$19/underweight).
• Key fundamentals include a C$28.48 billion market cap, P/E of 23.6 and a high debt-to-equity 183.41; last quarter EPS was C$0.32 on C$5.07 billion revenue with a 4.62% net margin.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$18.42 and last traded at C$18.46, with a volume of 1133969 shares traded. The stock had previously closed at C$18.71.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. National Bankshares raised shares of TELUS from a "sector perform" rating to an "outperform" rating and decreased their price objective for the company from C$23.00 to C$21.00 in a research report on Wednesday, November 19th. Scotiabank raised their target price on shares of TELUS from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Monday, September 8th. BMO Capital Markets reduced their price target on TELUS from C$24.00 to C$23.00 in a report on Monday, November 10th. JPMorgan Chase & Co. downgraded TELUS from a "neutral" rating to an "underweight" rating and lowered their price target for the stock from C$22.00 to C$19.00 in a research report on Tuesday, November 18th. Finally, Desjardins cut their price objective on TELUS from C$25.00 to C$24.00 and set a "buy" rating for the company in a research report on Thursday, October 9th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$22.77.

TELUS Stock Performance

The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The firm has a market capitalization of C$28.48 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.65 and a beta of 0.93. The company has a fifty day moving average of C$21.06 and a two-hundred day moving average of C$21.85.

TELUS (TSE:T - Get Free Report) NYSE: TU last released its quarterly earnings results on Friday, November 7th. The company reported C$0.32 EPS for the quarter. The business had revenue of C$5.07 billion for the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. As a group, equities research analysts predict that TELUS Co. 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.

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