TELUS (TSE:T) Given New C$26.00 Price Target at Royal Bank of Canada

TELUS (TSE:T - Get Free Report) NYSE: TU had its price objective cut by investment analysts at Royal Bank of Canada from C$29.00 to C$26.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank of Canada's price objective would suggest a potential upside of 17.38% from the company's current price.

A number of other equities analysts have also recently issued reports on the company. Veritas Investment Research cut TELUS from a "buy" rating to a "reduce" rating and set a C$27.00 price target on the stock. in a report on Friday, January 26th. National Bankshares cut their price target on TELUS from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Monday, March 25th. Desjardins increased their target price on TELUS from C$27.00 to C$28.00 and gave the stock a "buy" rating in a report on Friday, January 26th. Barclays cut their target price on TELUS from C$25.00 to C$24.00 in a report on Monday, February 12th. Finally, Scotiabank cut TELUS from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from C$28.00 to C$26.00 in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$26.57.

TELUS Price Performance

TSE T traded down C$0.14 during trading on Wednesday, hitting C$22.15. 3,874,547 shares of the company's stock were exchanged, compared to its average volume of 3,031,728. The stock's 50 day moving average price is C$23.01 and its two-hundred day moving average price is C$23.43. TELUS has a fifty-two week low of C$21.12 and a fifty-two week high of C$28.95. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 159.88. The company has a market cap of C$32.78 billion, a PE ratio of 38.19, a P/E/G ratio of 2.07 and a beta of 0.68.

TELUS (TSE:T - Get Free Report) NYSE: TU last announced its earnings results on Friday, February 9th. The company reported C$0.24 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of C$5.24 billion. Research analysts expect that TELUS will post 1.0050832 EPS for the current year.

About TELUS

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.