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

TELUS (TSE:T) (NYSE:TU) had its price objective trimmed by National Bankshares from C$21.50 to C$21.00 in a research report report published on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. TD Securities dropped their price objective on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Monday, December 15th. JPMorgan Chase & Co. cut TELUS from a “neutral” rating to an “underweight” rating and dropped their price target for the company from C$22.00 to C$19.00 in a research report on Tuesday, November 18th. Canaccord Genuity Group raised TELUS from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. BMO Capital Markets lowered TELUS from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$23.00 to C$19.00 in a report on Thursday, December 11th. Finally, Scotiabank upped their price target on TELUS from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$22.21.

TELUS Price Performance

Shares of T opened at C$17.87 on Tuesday. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. TELUS has a 1-year low of C$17.26 and a 1-year high of C$23.29. The stock has a market cap of C$27.72 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 1.65 and a beta of 0.90. The firm has a fifty day moving average price of C$19.06 and a 200 day moving average price of C$21.05.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, November 7th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$5.07 billion for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%. As a group, sell-side analysts anticipate that TELUS will post 1.2267985 EPS for the current year.

About TELUS

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.