TELUS (TSE:T) Stock Rating Lowered by Bank of America

TELUS (TSE:T) (NYSE:TU) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They currently have a C$22.00 price objective on the stock, down from their previous price objective of C$24.00. Bank of America‘s target price indicates a potential upside of 10.06% from the company’s current price.

Several other research analysts have also issued reports on T. National Bank Financial lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Royal Bank of Canada decreased their price objective on shares of 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. National Bankshares decreased their target price on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Friday, January 3rd. Cormark lowered shares of TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, CIBC reduced their price objective on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$22.91.

TELUS Trading Down 4.7 %

TELUS stock opened at C$19.99 on Friday. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The firm has a market cap of C$30.10 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. TELUS has a 1 year low of C$19.10 and a 1 year high of C$23.43. The firm’s 50 day moving average price is C$21.29 and its two-hundred day moving average price is C$21.50.

Insider Buying and Selling

In related news, Director Hazel Cynthia Claxton acquired 1,845 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were bought at an average price of C$21.70 per share, for a total transaction of C$40,036.50. 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.