Barclays Issues Pessimistic Forecast for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its price objective decreased by stock analysts at Barclays from C$19.00 to C$17.00 in a report released on Thursday,BayStreet.CA reports. Barclays‘s price target suggests a potential upside of 16.76% from the stock’s current price.

Several other analysts also recently issued reports on the stock. TD Securities raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada lowered their price objective on shares of TELUS from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Canaccord Genuity Group dropped their price objective on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday, July 10th. Scotiabank dropped their price objective on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 7th. Finally, TD upgraded shares of TELUS from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$19.00 to C$20.00 in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TELUS currently has an average rating of “Hold” and an average target price of C$19.36.

TELUS Trading Down 2.0%

Shares of TELUS stock opened at C$14.56 on Thursday. The company has a debt-to-equity ratio of 199.56, a quick ratio of 0.52 and a current ratio of 0.67. TELUS has a 52 week low of C$14.28 and a 52 week high of C$23.18. The stock has a 50 day moving average price of C$16.21 and a two-hundred day moving average price of C$17.46. The stock has a market capitalization of C$22.73 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Friday, May 8th. The company reported C$0.23 EPS for the quarter. TELUS had a return on equity of 6.41% and a net margin of 4.57%.The firm had revenue of C$4.99 billion during the quarter. As a group, equities analysts anticipate that TELUS will post 1.2267985 earnings per share for the current fiscal year.

About TELUS

TELUS Digital, a wholly-owned subsidiary of TELUS Corporation (TSX: T, NYSE: TU), crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients’ products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.