TELUS Co. (TSE:T) Receives Average Rating of "Hold" from Analysts

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have earned a consensus recommendation of "Hold" from the eight analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$23.00.

Several brokerages recently weighed in on T. TD Securities increased their price objective on shares of TELUS from C$24.00 to C$25.00 and gave the company a "buy" rating in a report on Friday. National Bank Financial lowered TELUS from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. dropped their price objective on TELUS from C$23.00 to C$22.00 and set a "neutral" rating for the company in a report on Thursday, January 2nd. Cormark reduced their target price on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Finally, Barclays lowered their price target on TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th.

Insider Activity

In other news, Director Marc Parent bought 19,100 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. Corporate insiders own 0.02% of the company's stock.

TELUS Trading Up 0.7 %

TELUS stock traded up C$0.16 during trading hours on Friday, reaching C$21.80. 3,902,782 shares of the company's stock traded hands, compared to its average volume of 4,172,554. The firm has a market capitalization of C$32.82 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$24.47. The firm's 50 day moving average is C$20.39 and its 200-day moving average is C$21.54.

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.