RBC Capital Mkts Says That It is Time To Finally Downgrade Telus (NYSE:TU) Stock


Telus (NYSE:TU) Receives a Downgrade

In an analyst note made public on 17 December, RBC Capital Mkts has cut shares of Telus (NYSE:TU) stock to a “Sector Perform” and has established a one year Estimated Target Price equal to $41. TU’s last stock rating by RBC Capital Mkts was a “Outperform”.

From a total of 9 analysts covering Telus Corporation (NYSE:TU) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $35.83 while the lowest target price is $23.92. The mean of all analyst targets is $32.05 with a 40.87% above today’s ($29.46) stock price. Telus Corporation was the topic of 5 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs initiated shares on December 4 with “Neutral” rating. Canaccord Genuity downgraded TU stock in a recent report from August 10 to “Buy” rating.

The stock increased 1.48% or $0.43 during the last trading session, striking $29.46. Approximately shares of stock traded hands. TELUS Corporation (USA) (NYSE:TU) has declined 14.90% since May 14, 2015 and is downtrending. It has underperformed by 12.64% the S&P500.

TELUS Corporation is a telecommunications company. The company has a market cap of $17.56 billion. The Firm operates through two business divisions: wireless segment and wireline segment. It has 17.17 P/E ratio. The wireless segment includes 8.1 million wireless subscribers.

According to Zacks Investment Research, “Telus Corp is the largest telecommunications company in Western Canada and the second largest in the country. The company provides clients with a full range of telecommunications products and services including data, Internet Protocol, voice and TELUS Mobility wireless services across Canada.”