TELUS (TSE:T) Stock Crosses Below 200 Day Moving Average – Here’s Why
by Mitch Edgeman · The Markets DailyTELUS Co. (TSE:T – Get Free Report) (NYSE:TU)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.97 and traded as low as C$16.86. TELUS shares last traded at C$17.00, with a volume of 10,670,833 shares changing hands.
Wall Street Analyst Weigh In
T has been the subject of a number of recent analyst reports. Desjardins set a C$21.00 target price on TELUS and gave the company a “buy” rating in a research report on Wednesday, May 13th. Barclays reduced their price objective on shares of TELUS from C$20.00 to C$19.00 in a research note on Tuesday, April 14th. TD Securities upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. ATB Cormark Capital Markets reduced their price objective on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Friday, February 13th. Finally, Royal Bank Of Canada reduced their price objective on shares of TELUS from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$20.27.
View Our Latest Analysis on TELUS
TELUS Price Performance
The stock has a market capitalization of C$25.89 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.65 and a beta of 0.43. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 199.56. The business’s 50 day simple moving average is C$17.12 and its 200-day simple moving average is C$17.94.
TELUS (TSE:T – Get Free Report) (NYSE:TU) last posted its earnings results on Friday, May 8th. The company reported C$0.23 EPS for the quarter. The firm had revenue of C$4.99 billion during the quarter. TELUS had a net margin of 4.57% and a return on equity of 6.41%. On average, research analysts forecast that TELUS Co. will post 1.2267985 earnings per share for the current year.
TELUS Company Profile
TELUS Digital, a wholly-owned subsidiary of TELUS Corporation (TSX: T, NYSE: TU), crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients’ products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.