TELUS (TSE:T) Stock Price Down 1.6% - What's Next?

TELUS Co. (TSE:T - Get Free Report) NYSE: TU shares fell 1.6% during mid-day trading on Friday . The stock traded as low as C$20.59 and last traded at C$20.64. 2,767,600 shares were traded during trading, a decline of 33% from the average session volume of 4,158,701 shares. The stock had previously closed at C$20.98.

Wall Street Analyst Weigh In

Several research firms have weighed in on T. TD Securities upped their price target on TELUS from C$24.00 to C$25.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. National Bankshares cut their target price on shares of TELUS from C$22.00 to C$21.00 and set a "sector perform" rating for the company in a research note on Friday, January 3rd. Bank of America cut shares of TELUS from a "buy" rating to a "neutral" rating and decreased their price target for the stock from C$24.00 to C$22.00 in a research note on Friday. Royal Bank of Canada cut their price objective on TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research report on Wednesday, December 18th. Finally, Cormark downgraded TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$22.91.

TELUS Stock Performance

The firm has a market capitalization of C$29.75 billion, a PE ratio of 32.06, a P/E/G ratio of 1.65 and a beta of 0.72. The business has a 50-day simple moving average of C$21.29 and a 200-day simple moving average of C$21.49. 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 other TELUS news, Director Hazel Cynthia Claxton bought 1,845 shares of the company's stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of C$21.70 per share, for a total transaction of C$40,036.50. 0.02% of the stock is currently 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.