TELUS (TSE:T) Price Target Lowered to C$25.00 at Cormark

TELUS (TSE:T - Get Free Report) NYSE: TU had its price target cut by Cormark from C$26.00 to C$25.00 in a research note issued on Monday,BayStreet.CA reports. Cormark's price objective suggests a potential upside of 13.79% from the stock's current price.

T has been the topic of several other reports. Barclays cut their target price on TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. 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 report on Tuesday, August 6th. TD Securities lowered their price objective on TELUS from C$26.00 to C$25.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Scotiabank upgraded TELUS from a "sector perform" rating to an "outperform" rating in a research note on Monday, October 28th. Finally, Canaccord Genuity Group lowered TELUS from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$23.00 to C$21.50 in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$24.46.

TELUS Price Performance

Shares of T stock traded up C$0.16 during mid-day trading on Monday, hitting C$21.97. 1,667,505 shares of the stock traded hands, compared to its average volume of 3,315,825. TELUS has a twelve month low of C$20.04 and a twelve month high of C$25.94. The firm has a market cap of C$32.52 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company's 50-day simple moving average is C$22.31 and its 200-day simple moving average is C$22.06. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66.

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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