TELUS (TSE:T) Price Target Lowered to C$21.00 at National Bankshares

TELUS (TSE:T) (NYSE:TU) had its price target decreased by National Bankshares from C$21.50 to C$21.00 in a report published on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on T. Canaccord Genuity Group raised shares of TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Desjardins cut 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 report on Thursday, October 9th. Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. CIBC lifted their target price on TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. cut TELUS from a “neutral” rating to an “underweight” rating and cut their price target for the company from C$22.00 to C$19.00 in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$22.21.

TELUS Price Performance

TSE T opened at C$17.50 on Wednesday. The stock has a 50-day simple moving average of C$19.35 and a 200 day simple moving average of C$21.18. TELUS has a twelve month low of C$17.26 and a twelve month high of C$23.29. The stock has a market capitalization of C$27.14 billion, a PE ratio of 22.44, a P/E/G 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.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.24 EPS 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 for the quarter. Research analysts anticipate that TELUS will post 1.2267985 EPS for the current 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. 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.