National Bankshares Issues Pessimistic Forecast for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its target price cut by investment analysts at National Bankshares from C$22.00 to C$21.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 5.47% from the company’s current price.

Several other brokerages have also recently weighed in on T. BMO Capital Markets upped their price target on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Scotiabank decreased their target price on shares of TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th. TD Securities reduced their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Cormark lowered their price objective on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. Finally, Barclays dropped their price objective on TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, TELUS currently has a consensus rating of “Hold” and a consensus target price of C$24.06.

TELUS Price Performance

TELUS stock opened at C$19.91 on Friday. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. TELUS has a one year low of C$19.10 and a one year high of C$24.92. The firm has a market capitalization of C$29.47 billion, a P/E ratio of 37.57, a PEG ratio of 1.65 and a beta of 0.72. The business has a fifty day moving average price of C$21.13 and a 200-day moving average price of C$21.68.

Insider Buying and Selling

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