Scotiabank Has Lowered Expectations for TELUS (TSE:T) Stock Price

TELUS (TSE:T - Get Free Report) NYSE: TU had its price objective reduced by stock analysts at Scotiabank from C$24.00 to C$23.25 in a research note issued on Tuesday,BayStreet.CA reports. Scotiabank's price target would suggest a potential upside of 8.54% from the stock's current price.

Several other research analysts have also recently issued reports on T. TD Securities reduced their target price on shares of TELUS from C$26.00 to C$25.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Canaccord Genuity Group cut shares of TELUS from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$23.00 to C$21.50 in a report on Tuesday, August 6th. BMO Capital Markets raised their target price on shares of TELUS from C$24.00 to C$25.00 in a report on Thursday, September 5th. Barclays cut their price objective on shares of TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Finally, Cormark cut their price objective on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$24.40.

TELUS Stock Performance

Shares of TSE T traded down C$0.22 during midday trading on Tuesday, reaching C$21.42. The company had a trading volume of 5,039,767 shares, compared to its average volume of 3,354,324. The business's 50-day simple moving average is C$22.12 and its 200 day simple moving average is C$22.02. The stock has a market cap of C$31.70 billion, a P/E ratio of 40.42, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

Insider Activity

In related news, Director Victor George Dodig purchased 100,000 shares of TELUS stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. Insiders own 0.02% of the company's stock.

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.