Bank of America cut shares of TELUS (TSE:T - Free Report) NYSE: TU from a buy rating to a neutral rating in a report published on Friday morning,BayStreet.CA reports. They currently have C$22.00 price objective on the stock, down from their previous price objective of C$24.00.
Several other equities research analysts have also commented on the company. Royal Bank of Canada lowered their price objective on 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. National Bankshares lowered their price target on shares of TELUS from C$22.00 to C$21.00 and set a "sector perform" rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. cut 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 report on Thursday, January 2nd. National Bank Financial lowered shares of TELUS from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 12th. Finally, CIBC cut their price target 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. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$22.91.
Check Out Our Latest Stock Analysis on TELUS
TELUS Stock Performance
T traded down C$0.05 during trading on Friday, reaching C$19.94. 3,798,487 shares of the company's stock were exchanged, compared to its average volume of 4,360,422. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. TELUS has a 1 year low of C$19.10 and a 1 year high of C$23.43. The company's fifty day simple moving average is C$21.29 and its 200-day simple moving average is C$21.50. The stock has a market capitalization of C$30.02 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.
Insider Activity at TELUS
In related news, Director Hazel Cynthia Claxton purchased 1,845 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price 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.
TELUS Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider TELUS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TELUS wasn't on the list.
While TELUS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
