Analysts Set TELUS Co. (TSE:T) PT at C$24.54

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$24.54.

Several equities research analysts recently weighed in on T shares. BMO Capital Markets boosted their price target on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Scotiabank upgraded TELUS from a “sector perform” rating to an “outperform” rating in a research report on Monday, October 28th. Royal Bank of Canada decreased their price objective on TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Canaccord Genuity Group cut TELUS from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$23.00 to C$21.50 in a report on Tuesday, August 6th. Finally, Barclays decreased their price target on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th.

TELUS Stock Down 0.5 %

T opened at C$21.90 on Friday. TELUS has a 52 week low of C$20.04 and a 52 week high of C$25.94. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. The firm has a 50-day simple moving average of C$22.33 and a two-hundred day simple moving average of C$22.07. The company has a market capitalization of C$32.41 billion, a PE ratio of 41.32, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.01. The business had revenue of C$4.97 billion for the quarter, compared to the consensus estimate of C$5.04 billion. TELUS had a return on equity of 4.67% and a net margin of 3.91%. Analysts forecast that TELUS will post 1.2267985 earnings per share for the current fiscal year.

Insider Activity at TELUS

In related news, Director Marc Parent purchased 10,530 shares of TELUS stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of C$22.52 per share, with a total value of C$237,135.60. 0.02% of the stock is owned by company insiders.

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.