TELUS (TSE:T) Hits New 12-Month Low After Analyst Downgrade

Key Points

• TELUS hit a new 52-week low after Morgan Stanley cut its price target from C$25.00 to C$20.00; shares traded as low as C$17.53 and last at C$17.82 on heavy volume.
• Analysts maintain a Moderate Buy consensus (1 Strong Buy, 8 Buy, 3 Hold, 1 Sell) with a consensus target of C$22.58, implying potential upside from current levels.
• Key fundamentals show elevated leverage and limited liquidity — debt-to-equity ~183.41 and current ratio 0.69 — while the most recent quarter delivered C$0.24 EPS on C$5.07 billion revenue.

TELUS Co. (TSE:T - Get Free Report) NYSE: TU hit a new 52-week low during trading on Thursday after Morgan Stanley lowered their price target on the stock from C$25.00 to C$20.00. The stock traded as low as C$17.53 and last traded at C$17.82, with a volume of 2834484 shares. The stock had previously closed at C$18.30.

Several other brokerages have also issued reports on T. CIBC lifted their price target on shares of TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. Natl Bk Canada upgraded shares of TELUS from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 25th. BMO Capital Markets decreased their target price on shares of TELUS from C$24.00 to C$23.00 in a research note on Monday, November 10th. Desjardins dropped their price target on TELUS from C$25.00 to C$24.00 and set a "buy" rating for the company in a research note on Thursday, October 9th. Finally, Scotiabank raised their price objective on TELUS from C$25.00 to C$26.00 and gave the company an "outperform" rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, TELUS has an average rating of "Moderate Buy" and a consensus target price of C$22.58.

TELUS Trading Down 2.3%

The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The firm has a market cap of C$27.66 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The firm's fifty day moving average is C$20.14 and its 200-day moving average is C$21.52.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$5.07 billion during the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%. Equities analysts anticipate that TELUS Co. will post 1.2267985 earnings per share for the current 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.

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.