TELUS (TSE:T) Downgraded by TD Securities to Hold

TD Securities lowered shares of TELUS (TSE:T) (NYSE:TU) from a buy rating to a hold rating in a research report released on Thursday,BayStreet.CA reports. They currently have C$19.00 price target on the stock, down from their previous price target of C$21.00.

T has been the subject of a number of other reports. Desjardins set a C$23.00 target price on shares of TELUS and gave the company a “buy” rating in a report on Monday, January 12th. Scotiabank dropped their price target on TELUS from C$22.50 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 20th. Morgan Stanley reduced their price objective on TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. Canaccord Genuity Group raised TELUS from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Finally, ATB Cormark Capital Markets lowered their target price on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Friday, February 13th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$21.14.

TELUS Stock Performance

Shares of T opened at C$17.92 on Thursday. The company’s 50 day simple moving average is C$18.56 and its 200-day simple moving average is C$19.31. The firm has a market cap of C$27.97 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.65 and a beta of 0.61. TELUS has a 12-month low of C$17.26 and a 12-month high of C$23.18. The company has a current ratio of 0.86, a quick ratio of 0.52 and a debt-to-equity ratio of 199.42.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.20 EPS for the quarter. TELUS had a net margin of 5.47% and a return on equity of 7.68%. The firm had revenue of C$5.23 billion during the quarter. As a group, equities analysts predict 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.