TELUS (TSE:T) Given New C$19.00 Price Target at Barclays

TELUS (TSE:T) (NYSE:TU) had its price target cut by Barclays from C$20.00 to C$19.00 in a report released on Tuesday,BayStreet.CA reports.

T has been the topic of a number of other research reports. Royal Bank Of Canada cut their price objective on shares of TELUS from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. Scotiabank cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Desjardins cut their price objective on shares of TELUS from C$23.00 to C$21.50 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. TD Securities cut shares of TELUS from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$21.00 to C$19.00 in a research report on Thursday, April 2nd. Finally, Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$21.00 to C$17.50 in a research report on Thursday, April 9th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$20.33.

TELUS Stock Up 0.7%

Shares of TSE:T opened at C$16.78 on Tuesday. The company has a market capitalization of C$26.20 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 1.65 and a beta of 0.56. The company has a debt-to-equity ratio of 199.42, a current ratio of 0.86 and a quick ratio of 0.52. The business’s 50-day moving average is C$18.27 and its 200-day moving average is C$19.00. TELUS has a 1 year low of C$16.18 and a 1 year high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.20 earnings per share (EPS) for the quarter. The company had revenue of C$5.23 billion for the quarter. TELUS had a return on equity of 7.68% and a net margin of 5.47%. Equities research analysts predict that TELUS will post 1.2267985 earnings per share 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.