TELUS Co. (TSE:T) Receives C$24.54 Consensus Price Target from Analysts

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have been assigned an average recommendation of "Moderate Buy" from the ten analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$24.54.

A number of brokerages have recently issued reports on T. JPMorgan Chase & Co. cut their price objective on shares of TELUS from C$24.00 to C$23.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 10th. Barclays lowered their target price on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. Scotiabank upgraded shares of TELUS from a "sector perform" rating to an "outperform" rating in a research note on Monday. CIBC lowered their target price on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research note on Tuesday, August 6th. Finally, TD Securities lowered 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 research note on Wednesday, August 7th.

Insider Transactions at TELUS

In other TELUS news, Director Marc Parent bought 10,530 shares of the company's stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of C$22.52 per share, with a total value of C$237,135.60. Insiders own 0.02% of the company's stock.

TELUS Stock Down 0.5 %

Shares of TSE T traded down C$0.11 during mid-day trading on Friday, reaching C$21.90. 2,999,345 shares of the company were exchanged, compared to its average volume of 3,247,636. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94. The firm has a 50-day moving average of C$22.33 and a 200 day moving average of C$22.07. The stock has a market cap of C$32.41 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58.

TELUS (TSE:T - Get Free Report) NYSE: TU last issued its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.24 by C$0.01. TELUS had a net margin of 3.91% and a return on equity of 4.67%. The firm had revenue of C$4.97 billion for the quarter, compared to the consensus estimate of C$5.04 billion. On average, research analysts expect that TELUS will post 1.2267985 earnings per share for the current year.

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.