Royal Bank of Canada Lowers TELUS (TSE:T) Price Target to C$24.00

TELUS (TSE:T - Free Report) NYSE: TU had its price target reduced by Royal Bank of Canada from C$25.00 to C$24.00 in a report issued on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. National Bank Financial lowered shares of TELUS from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. Scotiabank decreased their target price on TELUS from C$23.25 to C$22.50 and set a "sector perform" rating for the company in a research report on Wednesday, January 8th. Barclays lowered their target price on TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. CIBC decreased their price target on TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Finally, National Bankshares dropped their price objective on shares of TELUS from C$22.00 to C$21.00 and set a "sector perform" rating on the stock in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, TELUS presently has a consensus rating of "Hold" and a consensus price target of C$22.69.

TELUS Trading Up 0.3 %

TSE:T traded up C$0.07 during trading hours on Wednesday, reaching C$20.23. 4,409,993 shares of the company were exchanged, compared to its average volume of 4,643,163. The firm has a market cap of C$30.46 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 1.65 and a beta of 0.72. The stock has a 50 day simple moving average of C$21.19 and a 200 day simple moving average of C$21.22. TELUS has a 52-week low of C$19.10 and a 52-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.

Insider Activity at TELUS

In related news, Director Hazel Cynthia Claxton purchased 1,845 shares of TELUS stock in a transaction dated Thursday, February 20th. The stock was bought 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 insiders.

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.