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

TELUS (TSE:T) (NYSE:TU) had its price target cut by equities research analysts at Barclays from C$23.00 to C$20.00 in a report issued on Thursday,BayStreet.CA reports. Barclays‘s target price suggests a potential downside of 4.72% from the company’s current price.

Several other research analysts also recently commented on T. CIBC dropped their price objective on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. National Bankshares decreased their price objective on shares of 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 lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. TD Securities cut their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Tuesday, December 3rd. Finally, Cormark dropped their price objective on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$23.00.

TELUS Stock Up 0.8 %

Shares of T traded up C$0.16 during mid-day trading on Thursday, reaching C$20.99. The company had a trading volume of 617,189 shares, compared to its average volume of 3,712,967. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The firm has a 50-day moving average price of C$20.57 and a 200 day moving average price of C$21.57. TELUS has a 52 week low of C$19.10 and a 52 week high of C$24.47. The company has a market capitalization of C$31.07 billion, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Friday, November 8th. The company reported C$0.28 EPS for the quarter, topping the consensus estimate of C$0.23 by C$0.05. TELUS had a return on equity of 4.67% and a net margin of 3.91%. During the same period last year, the business posted $0.25 earnings per share. On average, sell-side analysts forecast that TELUS will post 1.2267985 EPS for the current year.

Insider Activity at TELUS

In other TELUS news, Director Marc Parent bought 19,100 shares of TELUS stock in a transaction on Tuesday, December 10th. The shares were bought at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. Also, Director Victor George Dodig bought 100,000 shares of TELUS stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. 0.02% of the stock is owned by corporate 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.