TELUS (TSE:T) Price Target Lowered to C$22.00 at Scotiabank

TELUS (TSE:T) (NYSE:TU) had its price objective decreased by Scotiabank from C$22.50 to C$22.00 in a research report report published on Tuesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. lowered TELUS from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from C$22.00 to C$19.00 in a research note on Tuesday, November 18th. Desjardins set a C$23.00 price objective on TELUS and gave the company a “buy” rating in a report on Monday, January 12th. Natl Bk Canada upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. National Bankshares reduced their price target 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, December 30th. Finally, TD Securities decreased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TELUS presently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.79.

TELUS Price Performance

T stock opened at C$18.37 on Tuesday. The firm has a 50 day simple moving average of C$18.37 and a two-hundred day simple moving average of C$20.69. The stock has a market cap of C$28.49 billion, a PE ratio of 23.55, a P/E/G ratio of 1.65 and a beta of 0.85. TELUS has a one year low of C$17.26 and a one year high of C$23.29. 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 (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. The firm had revenue of C$5.07 billion for the quarter. On average, analysts predict that TELUS will post 1.2267985 EPS 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. 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.