TELUS (TSE:T) Sets New 52-Week Low - Time to Sell?

Key Points

• TELUS hit a new 52-week low — the stock traded as low as C$19.10 and last at C$19.23 (prior close C$20.06) on heavy volume of ~5.28M shares.
• Analyst sentiment is mixed-to-cautious: consensus is a "Moderate Buy" with an average target of C$23.23, based on six Buy and six Hold ratings and several recent target revisions in the C$23–C$26 range.
• Company fundamentals show modest profitability but high leverage: market cap C$29.6B, trailing P/E ~24.5, quarterly EPS C$0.32 on C$5.07B revenue, net margin 4.62%, and a high debt-to-equity ratio of 183.41 with weak current and quick ratios (0.69 and 0.52).

TELUS Co. (TSE:T - Get Free Report) NYSE: TU's stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$19.10 and last traded at C$19.23, with a volume of 5280890 shares traded. The stock had previously closed at C$20.06.

Analysts Set New Price Targets

T has been the topic of several recent research reports. National Bankshares set a C$23.00 target price on shares of TELUS and gave the stock a "sector perform" rating in a report on Tuesday, August 12th. Desjardins dropped their price objective on TELUS from C$25.00 to C$24.00 and set a "buy" rating for the company in a report on Thursday, October 9th. BMO Capital Markets reduced their target price on TELUS from C$24.00 to C$23.00 in a report on Monday, November 10th. CIBC boosted their price target on TELUS from C$24.00 to C$25.00 in a research note on Friday, October 17th. Finally, Scotiabank increased their price objective on shares of TELUS from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Monday, September 8th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$23.23.

TELUS Stock Performance

The firm has a market capitalization of C$29.60 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.65 and a beta of 0.93. 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 stock's 50-day moving average is C$21.33 and its 200-day moving average is C$21.90.

TELUS (TSE:T - Get Free Report) NYSE: TU last issued its earnings results on Friday, November 7th. The company reported C$0.32 earnings per share for the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. The firm had revenue of C$5.07 billion for the quarter. On average, analysts predict that TELUS Co. will post 1.2267985 EPS 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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