Brokerages Set TELUS Co. (TSE:T) PT at C$22.90

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have been given an average recommendation of "Hold" by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$22.90.

Several equities analysts recently issued reports on T shares. Barclays decreased their target price on shares of TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. TD Securities decreased their price objective on shares of TELUS from C$25.00 to C$24.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. 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 research report on Thursday, January 2nd. Royal Bank of Canada reduced 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, Scotiabank lowered their price target on TELUS from C$23.25 to C$22.50 and set a "sector perform" rating on the stock in a research report on Wednesday, January 8th.

Insider Transactions at TELUS

In other TELUS news, Director Marc Parent purchased 19,100 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were 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 stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost 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.

TELUS Stock Performance

Shares of TSE:T traded up C$0.03 during midday trading on Friday, reaching C$20.86. The company's stock had a trading volume of 3,367,714 shares, compared to its average volume of 4,099,655. 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 stock has a fifty day moving average of C$20.43 and a 200 day moving average of C$21.54. TELUS has a twelve month low of C$19.10 and a twelve month high of C$24.47. The firm has a market capitalization of C$30.87 billion, a PE ratio of 39.36, a P/E/G ratio of 1.65 and a beta of 0.72.

TELUS Company Profile

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.