TELUS (TSE:T) PT Lowered to C$25.00

TELUS (TSE:T) (NYSE:TU) had its target price decreased by equities researchers at CIBC from C$26.00 to C$25.00 in a research note issued on Monday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 18.76% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. TD Securities upped their price target on shares of TELUS from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. lowered their price target on shares of TELUS from C$27.00 to C$24.00 in a report on Wednesday, April 3rd. Cormark lowered their price target on shares of TELUS from C$27.00 to C$26.00 in a report on Wednesday, May 15th. Scotiabank lowered their price target on shares of TELUS from C$26.00 to C$24.25 and set a “sector perform” rating for the company in a report on Wednesday, April 17th. Finally, Royal Bank of Canada lowered their price target on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating for the company in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, TELUS currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.02.

TELUS Price Performance

T stock opened at C$21.05 on Monday. 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 has a one year low of C$20.04 and a one year high of C$25.94. The stock has a market cap of C$31.15 billion, a PE ratio of 40.48, a P/E/G ratio of 2.07 and a beta of 0.67. The firm has a 50 day simple moving average of C$21.91 and a two-hundred day simple moving average of C$22.73.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.26 EPS for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.02. TELUS had a net margin of 4.20% and a return on equity of 4.96%. The business had revenue of C$4.93 billion during the quarter, compared to analysts’ expectations of C$5.06 billion. On average, analysts predict that TELUS will post 1.0009001 EPS for the current fiscal 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.