TELUS (TSE:T) Stock Rating Lowered by Bank of America

Bank of America lowered shares of TELUS (TSE:T - Free Report) NYSE: TU from a buy rating to a neutral rating in a research report sent to investors on Friday morning,BayStreet.CA reports. Bank of America currently has C$22.00 price objective on the stock, down from their previous price objective of C$24.00.

T has been the topic of a number of other reports. National Bankshares dropped their price objective on TELUS from C$22.00 to C$21.00 and set a "sector perform" rating on the stock in a research report on Friday, January 3rd. Cormark downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price target on shares of 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. Royal Bank of Canada lowered their price objective on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 18th. Finally, CIBC 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 report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, TELUS presently has a consensus rating of "Hold" and an average target price of C$22.91.

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TELUS Stock Up 0.7 %

TELUS stock traded up C$0.13 during mid-day trading on Friday, hitting C$19.89. The company had a trading volume of 3,975,089 shares, compared to its average volume of 4,426,954. TELUS has a 12 month low of C$19.10 and a 12 month high of C$23.43. The company has a market capitalization of C$29.95 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The stock's 50 day moving average price is C$21.29 and its two-hundred day moving average price is C$21.49. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41.

Insiders Place Their Bets

In other news, Director Hazel Cynthia Claxton bought 1,845 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of C$21.70 per share, for a total transaction of C$40,036.50. Company insiders own 0.02% of the company's stock.

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.