TELUS Co. (TSE:T) Given Average Rating of "Hold" by Brokerages

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has earned a consensus recommendation of "Hold" from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$22.91.

Several research analysts have weighed in on T shares. TD Securities increased their target price on shares of TELUS from C$24.00 to C$25.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Barclays dropped their target price on shares of TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. Bank of America cut TELUS from a "buy" rating to a "neutral" rating and dropped their price objective for the company from C$24.00 to C$22.00 in a research note on Friday, March 21st. National Bankshares decreased their target price 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. Finally, Cormark downgraded TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th.

TELUS Trading Up 2.3 %

Shares of T traded up C$0.46 during mid-day trading on Monday, reaching C$20.50. The stock had a trading volume of 5,544,935 shares, compared to its average volume of 4,403,647. 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$30.86 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 1.65 and a beta of 0.72. The business's fifty day moving average is C$21.33 and its 200 day moving average is C$21.37. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52.

Insiders Place Their Bets

In other TELUS news, Director Hazel Cynthia Claxton bought 1,845 shares of the stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of C$21.70 per share, for a total transaction of C$40,036.50. Corporate 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.