TELUS Co. (TSE:T) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$24.54.

Several equities analysts recently weighed in on T shares. Royal Bank of Canada cut their price objective on TELUS from C$26.00 to C$25.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Barclays reduced their price objective on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. CIBC dropped their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Scotiabank raised shares of TELUS from a “sector perform” rating to an “outperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price target 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.

TELUS Price Performance

Shares of TELUS stock opened at C$22.01 on Friday. 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 fifty day simple moving average of C$22.33 and a 200-day simple moving average of C$22.07. The stock has a market capitalization of C$32.57 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a 1-year low of C$20.04 and a 1-year high of C$25.94.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.01. The firm had revenue of C$4.97 billion during the quarter, compared to analyst estimates of C$5.04 billion. TELUS had a net margin of 3.91% and a return on equity of 4.67%. On average, sell-side analysts expect that TELUS will post 1.2267985 earnings per share for the current year.

Insider Activity

In related news, Director Marc Parent acquired 10,530 shares of the stock in a transaction dated 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. 0.02% of the stock is owned by company insiders.

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.