TELUS (TSE:T) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

TELUS Co. (TSE:T) (NYSE:TU) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.51 and traded as high as C$22.53. TELUS shares last traded at C$22.48, with a volume of 2,979,718 shares.

Analyst Ratings Changes

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price target on TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a report on Thursday, January 2nd. Cormark cut their price target on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. National Bank Financial cut TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Barclays cut their price target on TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. Finally, TD Securities upped their price target on TELUS from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, TELUS has a consensus rating of “Hold” and a consensus target price of C$23.00.

TELUS Stock Up 0.4 %

The firm has a market cap of C$33.85 billion, a P/E ratio of 36.47, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The firm has a fifty day moving average of C$20.70 and a 200-day moving average of C$21.51.

Insiders Place Their Bets

In other news, Director Marc Parent bought 19,100 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were bought at an average price of C$22.04 per share, with a total value of C$420,964.00. Also, Director Hazel Cynthia Claxton bought 1,845 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was purchased at an average cost of C$21.70 per share, for a total transaction of C$40,036.50. Company insiders own 0.02% of the company’s stock.

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.