Why is Telus stock going down? What is the target price for Telus stock? What is Telus stock price prediction for 2023? Is Telus stock a good buy now?

Why is Telus stock going down?

What is the target price for Telus stock?

What is Telus stock price prediction for 2023?

Is Telus stock a good buy now?

TELUS Stock Sees Price Target Decreased by Barclays

TELUS Corporation (NYSE:TU, TSE:T) had its price target dropped by Barclays from $21.00 to $20.00 in a recent research report. Barclays now points to a potential upside of 16.55% from TELUS’s current price.

This price target drop comes after several other reports lowered their target prices on TELUS shares. Desjardins reduced their target price from C$29.00 to C$27.50, while BMO Capital Markets decreased their target price from C$33.00 to C$29.00. JPMorgan Chase & Co. also lowered their target price from C$33.00 to C$31.00, and CIBC cut the price objective from C$31.00 to C$29.00. Royal Bank of Canada also reduced its price objective from C$32.00 to C$31.00.

telus stock down

what happened to telus stock

the price of telus corporation

telus mobility stock price

telus stock buy

telus preferred shares

telus news today

telus computer shares

TELUS stock opened at $17.16 on Monday, with a fifty-day simple moving average of $18.88 and a two-hundred-day simple moving average of $19.93. The stock has a fifty-two week low of $16.68 and a fifty-two week high of $23.68. TELUS has a market cap of $24.71 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 2.46, and a beta of 0.73.

The company recently reported earnings of $0.20 per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). TELUS had a net margin of 6.04% and a return on equity of 8.13%. The company’s revenue for the quarter was $3.67 billion, compared to analysts’ expectations of $3.58 billion. Analysts predict that TELUS will post earnings per share of 0.79 for the current fiscal year.

Institutional investors have also made moves with TELUS stock. Hedge funds such as Ridgewood Investments, Bessemer Group, CWM LLC, CVA Family Office, and Clear Street Markets have all recently bought or sold shares of TU, collectively owning 45.03% of the company’s stock.

TELUS Corporation provides a range of telecommunications and information technology products and services in Canada. They offer telecommunications products and services, network services, mobile technologies, data services, television, hosting and cloud-based services, software and data management, home and business security, healthcare software, and voice and other telecommunications services.