TELUS (TSE:T) Stock Rating Lowered by National Bank Financial

Key Points

• National Bank Financial downgraded TELUS from “strong buy” to “hold,” adding to a series of cautious analyst revisions.
• TELUS shares opened at C$13.39, near their 12-month low of C$12.93 and below their 50-day and 200-day moving averages.
• Analysts collectively rate the stock “hold,” with an average price target of C$18.68; TELUS recently reported C$0.16 in quarterly EPS on C$4.92 billion in revenue.

TELUS (TSE:T - Get Free Report) NYSE: TU was downgraded by equities researchers at National Bank Financial from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Several other brokerages have also recently commented on T. Morgan Stanley cut shares of TELUS from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from C$20.00 to C$13.00 in a research report on Tuesday, July 21st. Royal Bank Of Canada cut their price objective on TELUS from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce downgraded TELUS from a "strong-buy" rating to a "hold" rating in a report on Friday, July 31st. Desjardins lowered TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday. Finally, Raymond James Financial set a C$18.50 price target on TELUS and gave the company a "market perform" rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of C$18.68.

TELUS Stock Up 0.1%

Shares of TSE:T opened at C$13.39 on Monday. The firm has a market cap of C$20.91 billion, a PE ratio of -22.69, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The company has a fifty day simple moving average of C$15.56 and a 200 day simple moving average of C$17.13. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 236.85. TELUS has a 12-month low of C$12.93 and a 12-month high of C$23.18.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.16 EPS for the quarter. The firm had revenue of C$4.92 billion for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. On average, equities research analysts anticipate that TELUS will post 1.2267985 EPS for the current fiscal year.

About TELUS

TELUS Digital, a wholly-owned subsidiary of TELUS Corporation TSX: T, NYSE: TU, crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients' products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.

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