National Bankshares Cuts TELUS (TSE:T) Price Target to C$23.00

TELUS (TSE:T) (NYSE:TU) had its price objective dropped by stock analysts at National Bankshares from C$25.00 to C$23.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 10.63% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Royal Bank of Canada cut their target price on TELUS from C$29.00 to C$26.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 10th. JPMorgan Chase & Co. cut their target price on TELUS from C$27.00 to C$24.00 in a research report on Wednesday, April 3rd. Cormark cut their target price on TELUS from C$27.00 to C$26.00 in a research report on Wednesday, May 15th. CIBC cut their target price on TELUS from C$28.00 to C$26.00 in a research report on Thursday, April 4th. Finally, BMO Capital Markets decreased their target price on TELUS from C$26.00 to C$24.00 in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, TELUS currently has a consensus rating of “Moderate Buy” and an average target price of C$25.33.

TELUS Stock Performance

Shares of TSE:T opened at C$20.79 on Wednesday. The company has a market cap of C$30.77 billion, a P/E ratio of 39.87, a PEG ratio of 2.07 and a beta of 0.67. TELUS has a one year low of C$20.67 and a one year high of C$26.09. The business’s 50-day simple moving average is C$22.13 and its 200 day simple moving average is C$22.94. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67.

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