TELUS (TSE:T - Free Report) NYSE: TU had its price target decreased by Canaccord Genuity Group from C$21.25 to C$20.25 in a research report released on Monday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.
A number of other analysts have also recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research note on Wednesday, December 18th. National Bank Financial cut TELUS from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 12th. Scotiabank lowered their price objective on TELUS from C$23.25 to C$22.50 and set a "sector perform" rating on the stock in a research note on Wednesday, January 8th. Barclays cut their target price on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of TELUS from C$23.00 to C$22.00 and set a "neutral" rating on the stock in a research note on Thursday, January 2nd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, TELUS has a consensus rating of "Hold" and a consensus price target of C$22.69.
View Our Latest Stock Report on T
TELUS Stock Performance
T traded up C$0.07 during trading hours on Monday, reaching C$20.23. The company's stock had a trading volume of 4,409,993 shares, compared to its average volume of 4,643,126. The company's 50-day moving average is C$21.21 and its 200-day moving average is C$21.23. TELUS has a 52 week low of C$19.10 and a 52 week high of C$23.43. The firm has a market cap of C$30.46 billion, a PE ratio of 32.82, a price-to-earnings-growth 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.
Insiders Place Their Bets
In related news, Director Hazel Cynthia Claxton bought 1,845 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average cost of C$21.70 per share, with a total value of C$40,036.50. 0.02% of the stock is currently owned by insiders.
TELUS Company Profile
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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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