BMO Capital Markets Raises TELUS (TSE:T) Price Target to C$25.00

TELUS (TSE:T - Get Free Report) NYSE: TU had its price objective increased by equities researchers at BMO Capital Markets from C$24.00 to C$25.00 in a report issued on Thursday, BayStreet.CA reports. BMO Capital Markets' price target would suggest a potential upside of 10.08% from the company's current price.

Several other equities analysts have also recently weighed in on T. National Bankshares decreased their target price on shares of TELUS from C$25.00 to C$23.00 and set an "outperform" rating for the company in a research note on Wednesday, June 26th. TD Securities decreased their target price on shares of TELUS from C$26.00 to C$25.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Scotiabank decreased their target price on shares of TELUS from C$24.25 to C$24.00 in a research note on Tuesday, August 6th. Royal Bank of Canada decreased their target price on shares of TELUS from C$26.00 to C$25.00 and set an "outperform" rating for the company in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of TELUS from C$24.00 to C$23.00 and set a "neutral" rating for the company in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, TELUS currently has a consensus rating of "Moderate Buy" and an average target price of C$24.58.

TELUS Stock Up 1.1 %

TSE T traded up C$0.25 during trading hours on Thursday, reaching C$22.71. 3,959,605 shares of the company's stock were exchanged, compared to its average volume of 3,230,220. The company's 50-day moving average is C$21.72 and its two-hundred day moving average is C$22.15. TELUS has a one year low of C$20.04 and a one year 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 company has a market capitalization of C$33.61 billion, a price-to-earnings ratio of 42.98, a price-to-earnings-growth ratio of 2.07 and a beta of 0.71.

TELUS (TSE:T - Get Free Report) NYSE: TU last issued its quarterly earnings results on Friday, August 2nd. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.24 by C$0.01. The company had revenue of C$4.97 billion during the quarter, compared to analysts' expectations of C$5.04 billion. TELUS had a net margin of 3.91% and a return on equity of 4.67%. On average, analysts forecast that TELUS will post 0.9691551 EPS for the current fiscal year.

Insider Buying and Selling

In other TELUS news, Director Marc Parent bought 10,530 shares of the firm's stock in a transaction on Monday, August 12th. The shares were purchased at an average price of C$22.52 per share, for a total transaction of C$237,135.60. 0.02% of the stock is owned by company insiders.

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.