TELUS Co. (TSE:T) Receives C$22.91 Average PT from Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$22.91.

A number of analysts recently commented on T shares. Scotiabank decreased their price target on TELUS from C$23.25 to C$22.50 and set a “sector perform” rating for the company in a research report on Wednesday, January 8th. Barclays cut their price target on TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. Royal Bank of Canada decreased 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. Bank of America cut shares of TELUS from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from C$24.00 to C$22.00 in a research report on Friday, March 21st. Finally, National Bank Financial cut TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th.

TELUS Stock Down 2.6 %

T stock opened at C$20.04 on Monday. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$23.43. The stock’s 50 day simple moving average is C$21.33 and its 200 day simple moving average is C$21.39. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The company has a market cap of C$30.17 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insider Buying and Selling

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

TELUS Company Profile

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.