Barclays Issues Pessimistic Forecast for TELUS (TSE:T) Stock Price

TELUS (TSE:T - Get Free Report) NYSE: TU had its price target dropped by stock analysts at Barclays from C$23.00 to C$20.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Barclays's price target would suggest a potential downside of 4.72% from the company's current price.

Several other equities analysts have also recently issued reports on the company. National Bank Financial cut TELUS from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 12th. CIBC reduced their price objective on 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. National Bankshares reduced their price objective on 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. JPMorgan Chase & Co. reduced their price objective on TELUS from C$23.00 to C$22.00 and set a "neutral" rating for the company in a research note on Thursday, January 2nd. 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 note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$23.00.

TELUS Stock Performance

Shares of TELUS stock traded up C$0.16 on Thursday, reaching C$20.99. 617,189 shares of the company were exchanged, compared to its average volume of 3,712,967. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The company's 50-day moving average is C$20.57 and its two-hundred day moving average is C$21.57. The firm has a market cap of C$31.07 billion, a price-to-earnings ratio of 39.60, a P/E/G 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$24.47.

TELUS (TSE:T - Get Free Report) NYSE: TU last posted its earnings results on Friday, November 8th. The company reported C$0.28 EPS for the quarter, beating the consensus estimate of C$0.23 by C$0.05. TELUS had a return on equity of 4.67% and a net margin of 3.91%. During the same period in the previous year, the company posted $0.25 EPS. As a group, research analysts expect that TELUS will post 1.2267985 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Marc Parent acquired 19,100 shares of TELUS stock in a transaction on Tuesday, December 10th. The stock was acquired at an average cost of C$22.04 per share, with a total value of C$420,964.00. Also, Director Victor George Dodig purchased 100,000 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. 0.02% of the stock is owned by company insiders.

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.

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