TELUS (TSE:T) Price Target Raised to C$53.00 at National Bank Financial

TELUS (TSE:T) (NYSE:TU) had its price objective lifted by analysts at National Bank Financial from C$52.00 to C$53.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 12.57% from the stock’s current price.

A number of other brokerages have also weighed in on T. TD Securities lowered their price objective on TELUS from C$60.00 to C$59.00 and set a “buy” rating for the company in a research note on Friday, May 10th. JPMorgan Chase & Co. lowered their price objective on TELUS from C$51.00 to C$49.00 in a research note on Monday, July 8th. Canaccord Genuity raised their price objective on TELUS from C$51.00 to C$52.00 in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada raised their price objective on TELUS from C$52.00 to C$53.00 in a research note on Tuesday, April 9th.

Shares of T stock traded down C$0.72 during trading hours on Tuesday, reaching C$47.08. The company had a trading volume of 857,238 shares, compared to its average volume of 1,070,462. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 157.41. TELUS has a twelve month low of C$43.88 and a twelve month high of C$51.22. The stock has a market capitalization of $28.73 billion and a P/E ratio of 16.18. The company’s fifty day simple moving average is C$48.29.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Thursday, May 9th. The company reported C$0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.74 by C$0.01. The company had revenue of C$3.51 billion during the quarter, compared to analyst estimates of C$3.53 billion. Research analysts forecast that TELUS will post 3.1800001 earnings per share for the current year.

TELUS Company Profile

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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