TELUS Co. (TSE:T) Given Average Rating of “Hold” by Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$22.91.

T has been the subject of several research analyst reports. Bank of America cut shares of TELUS from a “buy” rating to a “neutral” rating and cut their target price for the company from C$24.00 to C$22.00 in a research note on Friday, March 21st. National Bank Financial lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Barclays decreased their target price on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. 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. Finally, Scotiabank reduced their price objective on 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.

TELUS Price Performance

Shares of TELUS stock opened at C$20.44 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The firm has a fifty day simple moving average of C$21.32 and a 200-day simple moving average of C$21.42. The stock has a market capitalization of C$30.77 billion, a price-to-earnings ratio of 33.16, a PEG 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.

Insider Activity at TELUS

In other TELUS news, Director Hazel Cynthia Claxton bought 1,845 shares of the stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of C$21.70 per share, with a total value of C$40,036.50. 0.02% of the stock is 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.