TELUS (TSE:T) Given a C$18.50 Price Target at Raymond James Financial

Raymond James Financial set a C$18.50 target price on TELUS (TSE:T) (NYSE:TU) in a report issued on Thursday morning,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

A number of other research firms have also weighed in on T. TD Securities upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Desjardins reduced their price objective on shares of TELUS from C$21.00 to C$19.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays dropped their target price on shares of TELUS from C$19.00 to C$17.00 in a research report on Thursday. Scotiabank decreased their price target on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada cut their price objective on TELUS from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$19.36.

TELUS Trading Up 1.0%

Shares of T opened at C$14.86 on Thursday. The firm has a market cap of C$23.20 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.65 and a beta of 0.47. The firm has a 50 day moving average price of C$16.27 and a 200-day moving average price of C$17.48. TELUS has a fifty-two week low of C$14.28 and a fifty-two week high of C$23.18. 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 (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Friday, May 8th. The company reported C$0.23 earnings per share 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 during the quarter. As a group, equities research analysts forecast that TELUS will post 1.2267985 earnings per share for the current year.

TELUS News Summary

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: Raymond James set a new C$18.50 price target and kept a “market perform” rating, suggesting upside from current levels even after the stock’s recent weakness. TELUS Given New C$18.50 Price Target at Raymond James Financial, Inc.
• Positive Sentiment: Desjardins still rates TELUS a “buy” despite cutting its target to C$19.00, indicating the firm remains constructive on the stock’s longer-term outlook. TELUS Price Target Cut to C$19.00 by Analysts at Desjardins
• Neutral Sentiment: News that the TELUS World of Science in Edmonton may remain closed until November due to flood damage is a local operating issue, but it does not appear material to TELUS’s core telecom business. Telus World of Science could stay closed until November due to flood damage
• Neutral Sentiment: Additional reports said the science centre temporarily laid off staff and launched an emergency fund for workers after flooding, reinforcing the event as a non-core, reputationally mixed development rather than a direct driver for TELUS earnings. Telus World of Science Edmonton temporarily lays off staff as flood closure stretches into November
• Negative Sentiment: Barclays lowered its price target to C$17.00 from C$19.00, which adds to the recent pressure on TELUS shares by signaling less upside than before. TELUS had its price target lowered by Barclays PLC from C$19.00 to C$17.00

TELUS Company Profile

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.