TELUS (TSE:T) Given New C$21.50 Price Target at National Bankshares

by · The Markets Daily

TELUS (TSE:T – Get Free Report) (NYSE:TU) had its price objective boosted by investment analysts at National Bankshares from C$21.00 to C$21.50 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 14.73% from the company’s previous close.

Several other equities analysts have also commented on T. Natl Bk Canada upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. BMO Capital Markets lowered their price target on TELUS from C$24.00 to C$23.00 in a report on Monday, November 10th. Desjardins dropped their price objective on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Canaccord Genuity Group raised shares of TELUS from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, CIBC upped their price target on shares of TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$22.82.

Read Our Latest Report on TELUS

TELUS Trading Up 1.0%

Shares of T traded up C$0.19 on Thursday, hitting C$18.74. 4,720,482 shares of the stock traded hands, compared to its average volume of 4,459,491. TELUS has a 1 year low of C$17.92 and a 1 year high of C$23.29. The stock’s 50 day moving average is C$20.48 and its two-hundred day moving average is C$21.65. The firm has a market capitalization of C$29.01 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.65 and a beta of 0.93. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41.

TELUS (TSE:T – Get Free Report) (NYSE:TU) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The company had revenue of C$5.07 billion during the quarter. As a group, sell-side analysts predict that TELUS will post 1.2267985 earnings per share for the current year.

TELUS Company Profile

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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.

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