Barclays Lowers TELUS (TSE:T) Price Target to C$20.00

TELUS (TSE:T - Get Free Report) NYSE: TU had its target price cut by Barclays from C$23.00 to C$20.00 in a research note issued on Thursday,BayStreet.CA reports. Barclays's price objective indicates a potential downside of 5.66% from the company's previous close.

Other analysts have also recently issued reports about the stock. CIBC reduced 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 report on Wednesday, January 8th. TD Securities decreased their target price on TELUS from C$26.00 to C$25.00 and set a "buy" rating on the stock in a report on Tuesday, December 3rd. National Bank Financial downgraded TELUS from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of TELUS from C$23.00 to C$22.00 and set a "neutral" rating for the company in a report on Thursday, January 2nd. Finally, Cormark cut their price target on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$22.90.

TELUS Stock Performance

Shares of T stock traded up C$0.12 during trading hours on Thursday, reaching C$21.20. The stock had a trading volume of 3,111,525 shares, compared to its average volume of 3,835,474. The firm has a 50-day simple moving average of C$20.56 and a 200-day simple moving average of C$21.58. The firm has a market capitalization of C$31.38 billion, a PE ratio of 40.00, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. TELUS has a twelve month low of C$19.10 and a twelve month high of C$24.47.

TELUS (TSE:T - Get Free Report) NYSE: TU last issued its quarterly earnings results on Friday, November 8th. The company reported C$0.28 EPS for the quarter, beating analysts' consensus estimates of C$0.23 by C$0.05. TELUS had a return on equity of 4.67% and a net margin of 3.91%. During the same quarter last year, the business earned $0.25 EPS. As a group, equities analysts forecast that TELUS will post 1.2267985 earnings per share for the current year.

Insider Activity at TELUS

In other TELUS news, Director Victor George Dodig purchased 100,000 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent acquired 19,100 shares of the stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of C$22.04 per share, for a total transaction of C$420,964.00. 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.