TELUS (TSE:T) PT Lowered to C$24.00 at JPMorgan Chase & Co.

TELUS (TSE:T - Get Free Report) NYSE: TU had its target price decreased by JPMorgan Chase & Co. from C$27.00 to C$24.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.'s price target suggests a potential upside of 10.91% from the company's previous close.

Other research analysts have also issued research reports about the company. Barclays decreased their target price on TELUS from C$25.00 to C$24.00 in a research report on Monday, February 12th. Royal Bank of Canada increased their target price on TELUS from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 9th. Desjardins increased their target price on TELUS from C$27.00 to C$28.00 and gave the stock a "buy" rating in a research report on Friday, January 26th. BMO Capital Markets decreased their target price on TELUS from C$26.00 to C$24.00 in a research report on Tuesday. Finally, Scotiabank lowered TELUS from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$28.00 to C$26.00 in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, TELUS has a consensus rating of "Moderate Buy" and an average target price of C$27.00.

TELUS Stock Performance

T stock remained flat at C$21.64 during trading on Wednesday. The company had a trading volume of 3,273,983 shares, compared to its average volume of 2,990,521. The firm has a market capitalization of C$32.03 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 2.07 and a beta of 0.70. TELUS has a 52 week low of C$21.12 and a 52 week high of C$28.95. The stock has a 50-day moving average of C$23.26 and a 200-day moving average of C$23.47. The company has a debt-to-equity ratio of 159.88, a current ratio of 0.67 and a quick ratio of 0.52.

TELUS (TSE:T - Get Free Report) NYSE: TU last released its quarterly earnings data on Friday, February 9th. The company reported C$0.24 earnings per share for the quarter, topping the consensus estimate of C$0.23 by C$0.01. TELUS had a return on equity of 4.96% and a net margin of 4.20%. The business had revenue of C$5.20 billion during the quarter, compared to analysts' expectations of C$5.24 billion. Sell-side analysts expect that TELUS will post 1 EPS for the current year.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.