Royal Bank of Canada Has Lowered Expectations for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its price target cut by investment analysts at Royal Bank of Canada from C$25.00 to C$24.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 21.21% from the stock’s previous close.

Several other analysts also recently commented on the company. TD Securities decreased their target price on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. National Bankshares downgraded TELUS from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$24.00 to C$22.00 in a research note on Friday, December 13th. Scotiabank dropped their target price on TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th. National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Barclays dropped their target price on shares of TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$24.23.

TELUS Stock Performance

Shares of T stock opened at C$19.80 on Wednesday. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. TELUS has a one year low of C$19.66 and a one year high of C$24.92. The business’s 50 day simple moving average is C$21.73 and its 200 day simple moving average is C$21.90. The stock has a market capitalization of C$29.30 billion, a PE ratio of 37.36, a PEG ratio of 1.65 and a beta of 0.72.

Insider Buying and Selling at TELUS

In other news, Director Victor George Dodig bought 100,000 shares of TELUS stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent acquired 19,100 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average price of C$22.04 per share, with a total value of C$420,964.00. 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.