Analysts Set TELUS Co. (TSE:T) PT at C$22.91

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$22.91.

T has been the topic of a number of research reports. Barclays lowered their price target on TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. National Bank Financial downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a research report on Thursday, January 2nd. National Bankshares reduced their price objective on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Friday, January 3rd. Finally, TD Securities raised their price target on TELUS from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Friday, February 14th.

TELUS Price Performance

Shares of TSE T opened at C$20.04 on Monday. The firm has a market capitalization of C$30.17 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. 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.

Insider Buying and Selling

In related news, Director Hazel Cynthia Claxton purchased 1,845 shares of TELUS stock in a transaction dated Thursday, February 20th. The stock was 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 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.