Scotiabank Has Lowered Expectations for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its price objective decreased by investment analysts at Scotiabank from C$23.25 to C$22.50 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 12.84% from the stock’s current price.

A number of other research analysts have also recently issued reports on T. TD Securities reduced their price objective on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Cormark decreased their price objective on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a report on Thursday, January 2nd. Royal Bank of Canada decreased their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, December 18th. Finally, National Bankshares dropped their price objective on TELUS from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$24.00.

TELUS Trading Down 0.3 %

T opened at C$19.94 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. The company has a fifty day moving average of C$20.95 and a 200-day moving average of C$21.64. TELUS has a twelve month low of C$19.10 and a twelve month high of C$24.92. The stock has a market cap of C$29.51 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insider Buying and Selling at TELUS

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