Scotiabank set a C$23.50 price objective on TELUS (TSE:T - Free Report) NYSE: TU in a research report report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
T has been the subject of a number of other reports. JPMorgan Chase & Co. dropped their price objective 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. Cormark cut TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. National Bankshares cut 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. CIBC reduced their target price 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, January 8th. Finally, Barclays cut their target price on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$22.77.
Check Out Our Latest Stock Analysis on T
TELUS Stock Performance
Shares of T stock traded up C$0.27 during mid-day trading on Wednesday, hitting C$20.76. The stock had a trading volume of 2,587,278 shares, compared to its average volume of 4,538,916. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$23.43. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The company's 50-day simple moving average is C$21.17 and its 200-day simple moving average is C$21.16. The firm has a market cap of C$31.26 billion, a PE ratio of 33.68, a PEG ratio of 1.65 and a beta of 0.72.
Insider Activity
In other news, Director Hazel Cynthia Claxton acquired 1,845 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was acquired 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 owned by corporate insiders.
About TELUS
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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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