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

TELUS (TSE:T) (NYSE:TU) had its price objective cut by research analysts at Barclays from C$23.00 to C$20.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Barclays‘s target price indicates a potential downside of 5.12% from the stock’s previous close.

Several other research analysts have also issued reports on the company. National Bankshares dropped their price objective on TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Friday, January 3rd. National Bank Financial downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. CIBC decreased their price objective on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on shares of TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada decreased their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$22.90.

TELUS Stock Up 0.3 %

Shares of T stock opened at C$21.08 on Thursday. TELUS has a one year low of C$19.10 and a one year high of C$24.47. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. The stock has a fifty day moving average price of C$20.56 and a 200 day moving average price of C$21.57. The stock has a market cap of C$31.20 billion, a P/E ratio of 39.77, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, November 8th. The company reported C$0.28 earnings per share for the quarter, beating the consensus estimate of C$0.23 by C$0.05. TELUS had a net margin of 3.91% and a return on equity of 4.67%. During the same quarter last year, the company posted $0.25 EPS. Analysts predict that TELUS will post 1.2267985 earnings per share for the current year.

Insider Transactions at TELUS

In other news, Director Victor George Dodig purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent acquired 19,100 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average price of C$22.04 per share, with a total value of C$420,964.00. 0.02% of the stock is owned by corporate insiders.

About TELUS

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.