Brokerages Set TELUS Co. (TSE:T) Target Price at C$22.90

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$22.90.

T has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price 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 Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Barclays cut their target price on TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. National Bankshares decreased their price target 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 dropped their price objective on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating for the company in a research note on Thursday, January 30th.

TELUS Trading Up 0.5 %

TELUS stock opened at C$20.83 on Friday. TELUS has a 52 week low of C$19.10 and a 52 week high of C$24.47. 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 has a market capitalization of C$30.83 billion, a PE ratio of 39.30, a PEG ratio of 1.65 and a beta of 0.72. The business’s 50-day simple moving average is C$20.46 and its 200-day simple moving average is C$21.55.

Insider Activity at TELUS

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