TELUS (TSE:T) Given New C$22.00 Price Target at JPMorgan Chase & Co.

TELUS (TSE:T - Get Free Report) NYSE: TU had its target price cut by equities research analysts at JPMorgan Chase & Co. from C$23.00 to C$22.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 12.07% from the company's previous close.

T has been the topic of several other research reports. Royal Bank of Canada dropped their price target on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 18th. TD Securities reduced their target price on TELUS from C$26.00 to C$25.00 and set a "buy" rating for the company in a research note on Tuesday, December 3rd. Cormark cut their price target on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Barclays reduced their price objective on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Finally, BMO Capital Markets increased their price target on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, TELUS currently has a consensus rating of "Hold" and a consensus target price of C$24.15.

TELUS Trading Up 0.7 %

TSE T traded up C$0.14 during mid-day trading on Thursday, hitting C$19.63. The company's stock had a trading volume of 2,730,679 shares, compared to its average volume of 3,496,002. The firm has a market capitalization of C$29.05 billion, a P/E ratio of 37.04, 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 52-week low of C$19.10 and a 52-week high of C$24.92. The stock's fifty day simple moving average is C$21.17 and its two-hundred day simple moving average is C$21.70.

Insider Transactions at TELUS

In related news, Director Victor George Dodig bought 100,000 shares of the business's stock in a transaction on Thursday, November 14th. The stock was bought at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. Also, Director Marc Parent purchased 19,100 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was bought at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. 0.02% of the stock is currently owned by 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.