TELUS (T) to Release Quarterly Earnings on Friday

TELUS (TSE:T) (NYSE:TU) will post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect TELUS to post earnings of C$0.23 per share for the quarter.

TELUS Price Performance

T stock opened at C$21.61 on Wednesday. The firm’s 50-day moving average price is C$22.34 and its two-hundred day moving average price is C$22.07. TELUS has a 12-month low of C$20.04 and a 12-month high of C$25.94. The stock has a market capitalization of C$31.98 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 1.65 and a beta of 0.72. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. TD Securities decreased their price objective on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. BMO Capital Markets boosted their price objective on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating and reduced their price target for the company from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. Scotiabank upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating in a research report on Monday, October 28th. Finally, CIBC reduced their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$24.54.

Insiders Place Their Bets

In other TELUS news, Director Marc Parent acquired 10,530 shares of the business’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of C$22.52 per share, for a total transaction of C$237,135.60. Corporate insiders own 0.02% of the company’s stock.

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.