TELUS (TSE:T) Price Target Cut to C$24.00 by Analysts at Royal Bank of Canada

TELUS (TSE:T - Get Free Report) NYSE: TU had its price target dropped by research analysts at Royal Bank of Canada from C$25.00 to C$24.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective suggests a potential upside of 19.70% from the stock's previous close.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets upped their price target on TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. National Bankshares cut shares of TELUS from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$24.00 to C$22.00 in a report on Friday, December 13th. Cormark cut their price target on shares of TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. Barclays decreased their price objective on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Finally, TD Securities cut their target price on TELUS from C$26.00 to C$25.00 and set a "buy" rating on the stock in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$24.23.

TELUS Stock Down 0.3 %

Shares of TSE T traded down C$0.06 during mid-day trading on Wednesday, hitting C$20.05. The company had a trading volume of 6,410,794 shares, compared to its average volume of 3,439,810. The company has a market capitalization of C$29.67 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The business's 50-day simple moving average is C$21.82 and its 200 day simple moving average is C$21.93. TELUS has a 1-year low of C$19.81 and a 1-year high of C$24.92. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52.

Insider Activity at TELUS

In other TELUS news, 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 cost of C$22.04 per share, with a total value of C$420,964.00. Also, Director Victor George Dodig acquired 100,000 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. 0.02% of the stock is currently owned by corporate insiders.

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.