TELUS (TSE:T) Receives “Buy” Rating from Cormark

TELUS (TSE:TGet Rating) (NYSE:TU)‘s stock had its “buy” rating reissued by equities researchers at Cormark in a research report issued on Friday, Stock Target Advisor reports.

A number of other research analysts also recently commented on T. TD Securities upgraded TELUS to a “buy” rating and set a C$33.00 price objective on the stock in a report on Friday. UBS Group increased their price objective on TELUS from C$28.00 to C$33.00 and gave the company a “neutral” rating in a report on Tuesday, May 10th. CIBC downgraded TELUS from an “outperform” rating to a “hold” rating and increased their price objective for the company from C$33.50 to C$34.00 in a report on Friday, April 22nd. Royal Bank of Canada upped their target price on TELUS from C$36.00 to C$37.00 in a research report on Monday, April 11th. Finally, Barclays cut TELUS to a “hold” rating and set a C$26.00 target price for the company. in a research report on Tuesday, May 10th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, TELUS presently has an average rating of “Buy” and an average price target of C$33.83.

Shares of T stock traded up C$0.93 on Friday, hitting C$28.55. The stock had a trading volume of 5,784,819 shares, compared to its average volume of 3,071,884. The company has a debt-to-equity ratio of 131.33, a current ratio of 0.64 and a quick ratio of 0.49. The firm has a market capitalization of C$39.42 billion and a P/E ratio of 22.93. TELUS has a 1 year low of C$27.33 and a 1 year high of C$34.65. The company’s 50 day moving average price is C$31.89 and its 200-day moving average price is C$31.29.

TELUS (TSE:TGet Rating) (NYSE:TU) last issued its quarterly earnings results on Friday, May 6th. The company reported C$0.30 earnings per share for the quarter, topping the consensus estimate of C$0.29 by C$0.01. The company had revenue of C$4.28 billion for the quarter, compared to analysts’ expectations of C$4.34 billion. On average, equities analysts forecast that TELUS will post 1.4099999 EPS for the current year.

TELUS Company Profile (Get Rating)

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 revenue; equipment sales from mobile technologies; data services revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; customer care and business services; healthcare solutions; and home and business security, agriculture, voice, and other telecommunications services.

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