Scotiabank Cuts TELUS (TSE:T) Price Target to C$22.50

TELUS (TSE:TGet Free Report) (NYSE:TU) had its target price dropped by stock analysts at Scotiabank from C$23.25 to C$22.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 12.84% from the company’s current price.

Several other equities research analysts also recently commented on the stock. National Bankshares lowered their price objective 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. Barclays cut their price objective on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Cormark decreased their target price on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. National Bank Financial downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada decreased their price objective on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$24.00.

Check Out Our Latest Report on TELUS

TELUS Price Performance

TSE T opened at C$19.94 on Wednesday. The company has a market cap of C$29.51 billion, a PE ratio of 37.62, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a 52-week low of C$19.10 and a 52-week high of C$24.92. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The firm’s 50 day moving average price is C$20.95 and its 200-day moving average price is C$21.64.

Insider Buying and Selling

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

About TELUS

(Get Free Report)

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.

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Analyst Recommendations for TELUS (TSE:T)

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