TELUS Co. (TSE:T) Given Consensus Rating of “Buy” by Analysts

TELUS Co. (TSE:T) (NYSE:TU) has received an average rating of “Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$27.00.

T has been the subject of several research reports. Royal Bank of Canada raised their price objective on shares of TELUS from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Barclays reaffirmed an “overweight” rating and set a C$27.00 target price on shares of TELUS in a report on Friday, October 2nd.

TSE:T traded down C$0.17 during mid-day trading on Friday, hitting C$23.98. The stock had a trading volume of 2,005,291 shares, compared to its average volume of 2,710,126. TELUS has a twelve month low of C$18.55 and a twelve month high of C$27.74. The stock has a market cap of $30.79 billion and a price-to-earnings ratio of 20.55. The company’s 50 day simple moving average is C$23.87 and its 200 day simple moving average is C$23.34. The company has a debt-to-equity ratio of 150.61, a quick ratio of 0.73 and a current ratio of 0.91.

TELUS (TSE:T) (NYSE:TU) last issued its earnings results on Friday, July 31st. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.28 by C($0.03). The company had revenue of C$3.73 billion for the quarter, compared to analyst estimates of C$3.61 billion. As a group, equities analysts forecast that TELUS will post 1.3288183 earnings per share for the current year.

About TELUS

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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