TELUS (T) Scheduled to Post Earnings on Friday

TELUS (TSE:T) (NYSE:TU) is scheduled to 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 %

T opened at C$21.05 on Thursday. The firm has a market cap 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 stock has a fifty day moving average price of C$22.32 and a 200-day moving average price of C$22.06. TELUS has a 12 month low of C$20.04 and a 12 month high of C$25.94. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

Insider Activity

In other news, Director Marc Parent bought 10,530 shares of the firm’s stock in a transaction that occurred 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. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of 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. JPMorgan Chase & Co. dropped their price target on TELUS from C$24.00 to C$23.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. CIBC reduced their price target 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. Scotiabank raised TELUS from a “sector perform” rating to an “outperform” rating in a research report on Monday, October 28th. Finally, Canaccord Genuity Group lowered TELUS from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$23.00 to C$21.50 in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$24.54.

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.