TELUS (TSE:T) Sets New 52-Week Low - Here's What Happened

Key Points

• 52-week low: TELUS shares fell to a new 52-week low of C$18.04 (last C$18.06) on Monday, trading down about 1.6% with roughly 1.385 million shares exchanged.
• Analyst picture: Analysts are mixed but the consensus is a "Moderate Buy" with an average target of C$22.77 (1 Strong Buy, 7 Buy, 4 Hold, 1 Sell) despite recent downgrades and target cuts from some firms.
• Financials and risks: Latest quarter delivered C$0.24 EPS on C$5.07B revenue with a 4.62% net margin, while balance-sheet metrics show low liquidity (current ratio 0.69) and high leverage (debt-to-equity 183.41).

TELUS Co. (TSE:T - Get Free Report) NYSE: TU's share price reached a new 52-week low during trading on Monday . The company traded as low as C$18.04 and last traded at C$18.06, with a volume of 1385224 shares traded. The stock had previously closed at C$18.34.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on T shares. National Bankshares upgraded TELUS from a "sector perform" rating to an "outperform" rating and decreased their target price for the stock from C$23.00 to C$21.00 in a report on Wednesday, November 19th. JPMorgan Chase & Co. downgraded shares of TELUS from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from C$22.00 to C$19.00 in a research note on Tuesday, November 18th. CIBC increased their price objective on shares of TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. Natl Bk Canada upgraded shares of TELUS from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 25th. Finally, BMO Capital Markets decreased their target price on TELUS from C$24.00 to C$23.00 in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TELUS currently has an average rating of "Moderate Buy" and an average target price of C$22.77.

TELUS Trading Down 1.6%

The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The business has a 50 day simple moving average of C$20.69 and a two-hundred day simple moving average of C$21.73. The stock has a market cap of C$27.93 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93.

TELUS (TSE:T - Get Free Report) NYSE: TU last released its quarterly earnings results on Friday, November 7th. The company reported C$0.24 earnings per share 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%. As a group, equities analysts anticipate that TELUS Co. will post 1.2267985 EPS for the current 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.