TELUS Co. (TSE:T) Receives C$30.71 Consensus Target Price from Analysts

Shares of TELUS Co. (TSE:T) (NYSE:TU) have earned an average recommendation of “Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$30.71.

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

Shares of T stock opened at C$23.23 on Tuesday. The firm has a market cap of $29.55 billion and a P/E ratio of 16.98. The company has a debt-to-equity ratio of 147.35, a current ratio of 0.90 and a quick ratio of 0.71. TELUS has a 1-year low of C$18.55 and a 1-year high of C$27.74. The firm has a fifty day moving average of C$23.05 and a two-hundred day moving average of C$23.76.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.31 by C$0.01. The company had revenue of C$3.69 billion for the quarter, compared to analyst estimates of C$3.68 billion. On average, sell-side analysts expect that TELUS will post 1.39 EPS 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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