TELUS (TSE:T) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

TELUS Co. (TSE:T - Get Free Report) NYSE: TU crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.51 and traded as high as C$22.53. TELUS shares last traded at C$22.48, with a volume of 2,979,718 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. National Bank Financial cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. CIBC decreased their target price on TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Barclays lowered their target price on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective 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, National Bankshares decreased their target price on shares of TELUS from C$22.00 to C$21.00 and set a "sector perform" rating on the stock in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$23.00.

TELUS Trading Up 1.9 %

The firm has a market cap of C$34.30 billion, a PE ratio of 36.96, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The stock's fifty day simple moving average is C$20.87 and its 200-day simple moving average is C$21.51.

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Insider Transactions at TELUS

In other TELUS news, Director Hazel Cynthia Claxton acquired 1,845 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of C$21.70 per share, with a total value of C$40,036.50. Also, Director Marc Parent purchased 19,100 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of C$22.04 per share, with a total value of C$420,964.00. Corporate insiders own 0.02% of the company's stock.

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.