TELUS (TSE:T) Price Target Cut to C$25.00 by Analysts at TD Securities

TELUS (TSE:T - Get Free Report) NYSE: TU had its price target reduced by equities research analysts at TD Securities from C$26.00 to C$25.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price points to a potential upside of 13.69% from the stock's current price.

Several other equities research analysts have also issued reports on T. Cormark lowered their target price on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Barclays lowered their target price on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Royal Bank of Canada cut their target price on shares of TELUS from C$26.00 to C$25.00 and set an "outperform" rating for the company in a report on Tuesday, August 6th. Scotiabank cut their price target on shares of TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th. Finally, BMO Capital Markets upped their target price on shares of TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$24.40.

TELUS Stock Up 0.4 %

TSE:T traded up C$0.09 on Tuesday, hitting C$21.99. The stock had a trading volume of 1,908,082 shares, compared to its average volume of 3,332,732. The firm's fifty day simple moving average is C$22.05 and its two-hundred day simple moving average is C$22.00. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94. The stock has a market cap of C$32.55 billion, a P/E ratio of 41.49, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insiders Place Their Bets

In other news, Director Victor George Dodig bought 100,000 shares of the company's stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Company 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.

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