TELUS (TSE:T - Get Free Report) NYSE: TU had its price target hoisted by analysts at TD Securities from C$24.00 to C$25.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' target price indicates a potential upside of 14.68% from the company's previous close.
A number of other brokerages have also recently commented on T. National Bankshares reduced 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 report on Friday, January 3rd. Barclays decreased their price objective on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. National Bank Financial lowered TELUS from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on TELUS from C$23.00 to C$22.00 and set a "neutral" rating for the company in a research note on Thursday, January 2nd. Finally, CIBC decreased 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 Wednesday, January 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$23.00.
Get Our Latest Stock Report on TELUS
TELUS Stock Performance
T traded up C$0.16 on Friday, reaching C$21.80. The company had a trading volume of 3,902,782 shares, compared to its average volume of 4,172,554. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. TELUS has a 1 year low of C$19.10 and a 1 year high of C$24.47. The stock has a market capitalization of C$32.82 billion, a PE ratio of 35.37, a P/E/G ratio of 1.65 and a beta of 0.72. The stock has a 50-day moving average price of C$20.39 and a 200-day moving average price of C$21.53.
Insider Activity at TELUS
In related news, Director Marc Parent acquired 19,100 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. Insiders own 0.02% of the company's stock.
About TELUS
(
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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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