TELUS (TSE:T) PT Lowered to C$23.00

TELUS (TSE:T) (NYSE:TU) had its price target lowered by research analysts at Barclays from C$24.00 to C$23.00 in a report released on Wednesday, BayStreet.CA reports. Barclays‘s price target points to a potential upside of 4.26% from the company’s previous close.

T has been the topic of a number of other research reports. Royal Bank of Canada dropped their price objective on TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. BMO Capital Markets raised their price target on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. CIBC lowered their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. lowered their price target on TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, National Bankshares lowered their price target on TELUS from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$24.50.

TELUS Stock Performance

Shares of T stock traded up C$0.01 on Wednesday, hitting C$22.06. 752,919 shares of the stock were exchanged, compared to its average volume of 3,258,282. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58. The firm has a market capitalization of C$32.65 billion, a PE ratio of 41.62, a P/E/G ratio of 2.07 and a beta of 0.72. TELUS has a one year low of C$20.04 and a one year high of C$25.94. The firm’s 50 day moving average is C$22.36 and its two-hundred day moving average is C$22.02.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.24 by C$0.01. The company had revenue of C$4.97 billion during the quarter, compared to the consensus estimate of C$5.04 billion. TELUS had a return on equity of 4.67% and a net margin of 3.91%. Sell-side analysts expect that TELUS will post 1.0598971 earnings per share for the current fiscal year.

Insider Transactions at TELUS

In other news, Director Marc Parent purchased 10,530 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of C$22.52 per share, for a total transaction of C$237,135.60. Corporate insiders own 0.02% of the company’s stock.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.