TELUS (TSE:T) Downgraded by Bank of America to Neutral

Bank of America lowered shares of TELUS (TSE:T) (NYSE:TU) from a buy rating to a neutral rating in a research report report published on Friday,BayStreet.CA reports. Bank of America currently has C$22.00 target price on the stock, down from their previous target price of C$24.00.

Other equities analysts also recently issued reports about the company. Cormark downgraded TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Royal Bank of Canada reduced their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. National Bankshares dropped their price target on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Friday, January 3rd. National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Barclays lowered their price objective on shares of TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, TELUS has an average rating of “Hold” and an average price target of C$22.91.

TELUS Trading Down 4.7 %

T opened at C$19.99 on Friday. TELUS has a 52 week low of C$19.10 and a 52 week high of C$23.43. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The business has a fifty day simple moving average of C$21.29 and a 200-day simple moving average of C$21.50. The firm has a market cap of C$30.10 billion, a P/E ratio of 32.43, a P/E/G ratio of 1.65 and a beta of 0.72.

Insiders Place Their Bets

In related news, Director Hazel Cynthia Claxton acquired 1,845 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average price of C$21.70 per share, with a total value of C$40,036.50. 0.02% of the stock is currently owned by company insiders.

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.