TELUS (TSE:T) Price Target Cut to C$21.50 by Analysts at Desjardins

TELUS (TSE:T) (NYSE:TU) had its price target reduced by Desjardins from C$23.00 to C$21.50 in a research note published on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

T has been the subject of several other research reports. Morgan Stanley dropped their target price on shares of TELUS from C$25.00 to C$20.00 in a research report on Wednesday, December 10th. Scotiabank dropped their target price on shares of TELUS from C$22.50 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 20th. ATB Cormark Capital Markets dropped their target price on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. TD Securities downgraded TELUS from a “buy” rating to a “hold” rating and lowered their price target for the company from C$21.00 to C$19.00 in a report on Thursday, April 2nd. Finally, BMO Capital Markets downgraded TELUS from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$23.00 to C$19.00 in a report on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, TELUS presently has an average rating of “Hold” and an average price target of C$21.00.

TELUS Price Performance

T stock opened at C$17.44 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.86 and a debt-to-equity ratio of 199.42. TELUS has a 52-week low of C$17.26 and a 52-week high of C$23.18. The stock’s 50 day moving average is C$18.49 and its two-hundred day moving average is C$19.18. The company has a market capitalization of C$27.22 billion, a PE ratio of 24.22, a P/E/G ratio of 1.65 and a beta of 0.56.

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