TELUS (TSE:T) Lowered to “Underweight” Rating by Morgan Stanley

Morgan Stanley lowered shares of TELUS (TSE:T) (NYSE:TU) from an equal weight rating to an underweight rating in a report released on Tuesday,BayStreet.CA reports. Morgan Stanley currently has C$13.00 price target on the stock, down from their previous price target of C$20.00.

T has been the topic of several other research reports. Desjardins dropped their price objective on TELUS from C$21.00 to C$19.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Royal Bank Of Canada decreased their target price on TELUS from C$22.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Barclays dropped their price target on TELUS from C$19.00 to C$17.00 in a research report on Thursday, July 16th. TD upgraded TELUS from a “hold” rating to a “buy” rating and raised their price target for the company from C$19.00 to C$20.00 in a research note on Tuesday, April 28th. Finally, Canaccord Genuity Group decreased their price objective on TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, TELUS currently has an average rating of “Hold” and a consensus price target of C$18.86.

TELUS Price Performance

TELUS stock opened at C$14.39 on Tuesday. The company has a debt-to-equity ratio of 199.56, a current ratio of 0.67 and a quick ratio of 0.52. The stock has a market cap of C$22.47 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The firm has a 50-day moving average of C$16.10 and a two-hundred day moving average of C$17.41. TELUS has a 1 year low of C$14.02 and a 1 year high of C$23.18.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, May 8th. The company reported C$0.23 EPS for the quarter. TELUS had a net margin of 4.57% and a return on equity of 6.41%. The business had revenue of C$4.99 billion for the quarter. On average, research analysts forecast that TELUS will post 1.2267985 earnings per share for the current 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.