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

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have received a consensus rating of "Hold" from the nine analysts that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$23.00.

Several research firms have commented on T. CIBC cut 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. JPMorgan Chase & Co. cut 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. Scotiabank cut 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. National Bank Financial lowered TELUS from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 12th. Finally, Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th.

Insider Buying and Selling

In other news, Director Hazel Cynthia Claxton purchased 1,845 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of C$21.70 per share, for a total transaction of C$40,036.50. Also, Director Marc Parent purchased 19,100 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were purchased at an average price of C$22.04 per share, for a total transaction of C$420,964.00. 0.02% of the stock is currently owned by company insiders.

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TELUS Price Performance

TSE:T traded up C$0.36 during trading hours on Thursday, hitting C$22.72. 6,264,017 shares of the stock were exchanged, compared to its average volume of 4,136,797. TELUS has a 52-week low of C$19.10 and a 52-week high of C$23.43. The firm's fifty day moving average price is C$20.93 and its 200 day moving average price is C$21.51. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The company has a market cap of C$34.21 billion, a P/E ratio of 36.86, a P/E/G ratio of 1.65 and a beta of 0.72.

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.