TELUS (TSE:T) Price Target Lowered to C$24.25 at Scotiabank

TELUS (TSE:T) (NYSE:TU) had its price objective cut by analysts at Scotiabank from C$26.00 to C$24.25 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 11.60% from the stock’s current price.

A number of other equities analysts also recently weighed in on T. Barclays reduced their price target on TELUS from C$25.00 to C$24.00 in a research report on Monday, February 12th. JPMorgan Chase & Co. dropped their price objective on TELUS from C$27.00 to C$24.00 in a research note on Wednesday, April 3rd. CIBC dropped their price objective on TELUS from C$28.00 to C$26.00 in a research note on Thursday, April 4th. Veritas Investment Research cut TELUS from a “buy” rating to a “reduce” rating and set a C$27.00 price objective on the stock. in a research note on Friday, January 26th. Finally, National Bankshares dropped their price objective on TELUS from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$26.45.

TELUS Trading Up 0.2 %

TSE:T opened at C$21.73 on Wednesday. TELUS has a twelve month low of C$21.12 and a twelve month high of C$28.95. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 159.88. The business has a 50 day moving average price of C$22.75 and a two-hundred day moving average price of C$23.39. The company has a market cap of C$32.16 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 2.07 and a beta of 0.68.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Friday, February 9th. The company reported C$0.24 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.01. TELUS had a return on equity of 4.96% and a net margin of 4.20%. The firm had revenue of C$5.20 billion during the quarter, compared to the consensus estimate of C$5.24 billion. As a group, analysts expect that TELUS will post 0.999543 EPS for the current fiscal year.

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.