TELUS (TSE:T) Shares Cross Above 200 Day Moving Average – Should You Sell?

TELUS Co. (TSE:T) (NYSE:TU)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analysts Set New Price Targets

A number of research firms have issued reports on T. Royal Bank of Canada cut their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Scotiabank cut their target price on shares of TELUS from C$23.25 to C$22.50 and set a “sector perform” rating for the company in a research report on Wednesday, January 8th. CIBC decreased 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 research report on Wednesday, January 8th. Barclays cut their price objective on shares of TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Finally, Cormark cut TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$23.00.

TELUS Price Performance

The company has a market cap of C$32.63 billion, a P/E ratio of 35.16, a PEG ratio of 1.65 and a beta of 0.72. The firm’s 50-day moving average is C$21.15 and its two-hundred day moving average is C$21.53. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52.

Insider Buying and Selling at TELUS

In other TELUS news, Director Hazel Cynthia Claxton acquired 1,845 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were bought at an average price of C$21.70 per share, with a total value of C$40,036.50. Company 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.