TELUS (T) Scheduled to Post Quarterly Earnings on Friday

TELUS (TSE:T) (NYSE:TU) will issue its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of C$0.23 per share for the quarter.

TELUS Trading Down 2.6 %

TELUS stock opened at C$21.05 on Thursday. TELUS has a 52-week low of C$20.04 and a 52-week high of C$25.94. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. The firm has a market capitalization of C$31.15 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 1.65 and a beta of 0.72. The firm has a 50-day moving average price of C$22.32 and a two-hundred day moving average price of C$22.06.

Insider Buying and Selling

In other TELUS news, Director Marc Parent bought 10,530 shares of the stock in a transaction on Monday, August 12th. The shares were purchased at an average price of C$22.52 per share, with a total value of C$237,135.60. 0.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on T. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. TD Securities dropped their target price on TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price objective on shares of TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. CIBC cut their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Finally, BMO Capital Markets upped their price target on shares of TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, TELUS presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.54.

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.