TELUS (TSE:T) PT Lowered to C$24.25 at Scotiabank

TELUS (TSE:T - Get Free Report) NYSE: TU had its price target cut by investment analysts at Scotiabank from C$26.00 to C$24.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Scotiabank's target price would suggest a potential upside of 11.80% from the company's current price.

T has been the subject of a number of other research reports. BMO Capital Markets reduced their target price on shares of TELUS from C$26.00 to C$24.00 in a research report on Tuesday, April 2nd. CIBC cut their price objective on shares of TELUS from C$28.00 to C$26.00 in a research report on Thursday, April 4th. Royal Bank of Canada cut their price objective on shares of TELUS from C$29.00 to C$26.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 10th. Veritas Investment Research cut shares of TELUS from a "buy" rating to a "reduce" rating and set a C$27.00 price objective for the company. in a research report on Friday, January 26th. Finally, National Bankshares cut their price objective on shares of TELUS from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$26.45.

TELUS Stock Performance

Shares of TSE:T traded up C$0.01 on Wednesday, hitting C$21.69. The company had a trading volume of 1,836,945 shares, compared to its average volume of 3,014,676. TELUS has a 1-year low of C$21.12 and a 1-year high of C$28.95. The stock has a market cap of C$32.10 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 2.07 and a beta of 0.68. The stock has a 50 day moving average price of C$22.78 and a 200 day moving average price of C$23.41. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 159.88.

TELUS (TSE:T - Get Free Report) NYSE: TU last released its quarterly earnings data 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. The firm had revenue of C$5.20 billion for the quarter, compared to the consensus estimate of C$5.24 billion. TELUS had a net margin of 4.20% and a return on equity of 4.96%. Analysts expect that TELUS will post 0.999543 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.