TELUS (TSE:T) Price Target Cut to C$24.00 by Analysts at Royal Bank of Canada

TELUS (TSE:T) (NYSE:TU) had its price target cut by stock analysts at Royal Bank of Canada from C$25.00 to C$24.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 21.21% from the stock’s current price.

Other equities research analysts have also issued reports about the company. National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Cormark dropped their target price on shares of TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. Barclays decreased their price target on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Scotiabank cut their price objective on TELUS from C$24.00 to C$23.25 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets increased their target price on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$24.23.

TELUS Stock Performance

TELUS stock opened at C$19.80 on Wednesday. TELUS has a 1-year low of C$19.66 and a 1-year high of C$24.92. The firm has a market cap of C$29.30 billion, a P/E ratio of 37.36, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58. The firm has a 50-day moving average of C$21.73 and a 200-day moving average of C$21.90.

Insider Transactions at TELUS

In other TELUS news, Director Victor George Dodig acquired 100,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent acquired 19,100 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average cost of C$22.04 per share, with a total value of C$420,964.00. Company insiders own 0.02% of the company’s stock.

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.