TELUS (TSE:T) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of TELUS Co. (TSE:T) (NYSE:TU) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$21.53 and traded as high as C$21.80. TELUS shares last traded at C$21.67, with a volume of 4,891,849 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on T. Royal Bank of Canada lowered their target price on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. National Bank Financial downgraded TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. CIBC cut their price target 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, January 8th. National Bankshares lowered their price objective on TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Friday, January 3rd. Finally, Barclays reduced their target price on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, TELUS currently has a consensus rating of “Hold” and an average price target of C$23.00.

TELUS Trading Down 0.2 %

The stock has a 50-day simple moving average of C$21.15 and a 200 day simple moving average of C$21.53. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The company has a market cap of C$32.63 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 1.65 and a beta of 0.72.

Insider Buying and Selling

In related news, Director Hazel Cynthia Claxton acquired 1,845 shares of TELUS stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of C$21.70 per share, for a total transaction of C$40,036.50. Corporate 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.