TELUS (T) Scheduled to Post Quarterly Earnings on Friday

TELUS (TSE:T - Get Free Report) NYSE: TU will be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect TELUS to post earnings of C$0.23 per share for the quarter.

TELUS (TSE:T - Get Free Report) NYSE: TU last announced its earnings results on Friday, August 2nd. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.24 by C$0.01. TELUS had a net margin of 3.91% and a return on equity of 4.67%. The business had revenue of C$4.97 billion during the quarter, compared to the consensus estimate of C$5.04 billion.

TELUS Stock Performance

TSE T traded down C$0.15 on Friday, reaching C$21.86. The stock had a trading volume of 1,518,383 shares, compared to its average volume of 3,240,651. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. The firm has a fifty day moving average of C$22.33 and a two-hundred day moving average of C$22.07. TELUS has a 1-year low of C$20.04 and a 1-year high of C$25.94. The company has a market cap of C$32.35 billion, a P/E ratio of 41.51, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insiders Place Their Bets

In other news, Director Marc Parent bought 10,530 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of C$22.52 per share, with a total value of C$237,135.60. Insiders own 0.02% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays dropped their price objective on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. BMO Capital Markets raised their price objective on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. JPMorgan Chase & Co. reduced their target price on TELUS from C$24.00 to C$23.00 and set a "neutral" rating on the stock in a report on Wednesday, July 10th. TD Securities dropped their target price on shares of TELUS from C$26.00 to C$25.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Finally, Canaccord Genuity Group downgraded TELUS from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$23.00 to C$21.50 in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$24.54.

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.