TELUS Co. (TSE:T) Receives Average Recommendation of “Buy” from Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has received a consensus rating of “Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$30.71.

Several brokerages have recently weighed in on T. CIBC decreased their price target on shares of TELUS from C$27.00 to C$26.00 in a research note on Friday, May 8th. Canaccord Genuity raised their price target on shares of TELUS from C$23.00 to C$24.00 in a research note on Wednesday, June 3rd. Finally, BMO Capital Markets raised shares of TELUS from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 14th.

TSE T opened at C$23.23 on Tuesday. The business has a 50 day simple moving average of C$23.05 and a 200 day simple moving average of C$23.76. TELUS has a 52-week low of C$18.55 and a 52-week high of C$27.74. The company has a debt-to-equity ratio of 147.35, a quick ratio of 0.71 and a current ratio of 0.90. The stock has a market cap of $29.55 billion and a price-to-earnings ratio of 16.98.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Thursday, May 7th. The company reported C$0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.31 by C$0.01. The business had revenue of C$3.69 billion for the quarter, compared to the consensus estimate of C$3.68 billion. On average, analysts predict that TELUS will post 1.39 EPS for the current year.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Analyst Recommendations for TELUS (TSE:T)

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