TELUS Co. (TSE:T) Receives C$22.21 Average Target Price from Analysts

by · The Cerbat Gem

TELUS Co. (TSE:T – Get Free Report) (NYSE:TU) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$22.21.

T has been the topic of a number of recent research reports. Canaccord Genuity Group raised shares of TELUS from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. National Bankshares decreased their target price on shares of TELUS from C$21.50 to C$21.00 and set an “outperform” rating on the stock in a research report on Tuesday. Desjardins lowered their price target on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Thursday, October 9th. BMO Capital Markets lowered TELUS from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$23.00 to C$19.00 in a research report on Thursday, December 11th. Finally, CIBC upped their price objective on TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th.

Check Out Our Latest Report on T

TELUS Price Performance

Shares of TELUS stock opened at C$17.99 on Wednesday. The firm has a market cap of C$27.90 billion, a PE ratio of 23.06, a PEG ratio of 1.65 and a beta of 0.90. The stock has a 50 day moving average of C$18.88 and a 200 day moving average of C$20.98. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. TELUS has a 12 month low of C$17.26 and a 12 month high of C$23.29.

TELUS (TSE:T – Get Free Report) (NYSE:TU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The business had revenue of C$5.07 billion for the quarter. On average, research analysts expect that TELUS will post 1.2267985 EPS for the current fiscal year.

About TELUS

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Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.

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