TELUS Co. (TSE:T) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$22.82.

Several research firms have recently issued reports on T. CIBC upped their price objective on TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. Desjardins decreased their target price on 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. BMO Capital Markets dropped their price target on shares of TELUS from C$24.00 to C$23.00 in a research note on Monday, November 10th. Canaccord Genuity Group raised shares of TELUS from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Scotiabank boosted their price objective on shares of TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, September 8th.

TELUS Stock Performance

Shares of T opened at C$18.70 on Friday. TELUS has a 1 year low of C$17.92 and a 1 year high of C$23.29. The stock has a market capitalization of C$28.95 billion, a PE ratio of 23.97, a PEG ratio of 1.65 and a beta of 0.90. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The stock has a 50-day simple moving average of C$20.35 and a 200-day simple moving average of C$21.61.

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

TELUS Company Profile

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.