TELUS (TSE: T) has recently received a number of price target changes and ratings updates:
- 8/7/2024 – TELUS had its price target lowered by analysts at TD Securities from C$26.00 to C$25.00. They now have a “buy” rating on the stock.
- 8/6/2024 – TELUS had its price target lowered by analysts at CIBC from C$25.00 to C$24.00. They now have an “outperform” rating on the stock.
- 8/6/2024 – TELUS had its price target lowered by analysts at Royal Bank of Canada from C$26.00 to C$25.00. They now have an “outperform” rating on the stock.
- 8/6/2024 – TELUS was downgraded by analysts at Canaccord Genuity Group Inc. from a “buy” rating to a “hold” rating. They now have a C$21.50 price target on the stock, down previously from C$23.00.
- 8/6/2024 – TELUS had its price target lowered by analysts at Scotiabank from C$24.25 to C$24.00.
- 7/22/2024 – TELUS had its price target lowered by analysts at TD Securities from C$27.00 to C$26.00. They now have a “buy” rating on the stock.
- 7/10/2024 – TELUS had its price target lowered by analysts at JPMorgan Chase & Co. from C$24.00 to C$23.00. They now have a “neutral” rating on the stock.
- 7/9/2024 – TELUS had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$25.00 to C$23.00. They now have a “buy” rating on the stock.
- 7/8/2024 – TELUS had its price target lowered by analysts at CIBC from C$26.00 to C$25.00.
- 6/26/2024 – TELUS had its price target lowered by analysts at National Bankshares, Inc. from C$25.00 to C$23.00. They now have an “outperform” rating on the stock.
TELUS Stock Performance
TSE:T traded up C$0.24 during trading on Friday, reaching C$21.80. The company’s stock had a trading volume of 1,670,081 shares, compared to its average volume of 3,228,291. The firm has a market cap of C$32.26 billion, a price-to-earnings ratio of 41.13, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71. TELUS Co. has a 12 month low of C$20.04 and a 12 month high of C$25.94. 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 of C$21.63 and a 200-day moving average of C$22.26.
TELUS (TSE:T – Get Free Report) (NYSE:TU) last issued its quarterly earnings results on Friday, August 2nd. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.01. TELUS had a return on equity of 4.67% and a net margin of 3.91%. The firm had revenue of C$4.97 billion for the quarter, compared to analysts’ expectations of C$5.04 billion. Research analysts expect that TELUS Co. will post 0.9703146 EPS for the current fiscal year.
TELUS Dividend Announcement
Insider Activity
In related news, Director Marc Parent purchased 10,530 shares of the firm’s stock in a transaction dated 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. 0.02% of the stock is owned by company insiders.
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.
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