TELUS (TSE:T) Stock Rating Upgraded by Scotiabank

TELUS (TSE:T - Get Free Report) NYSE: TU was upgraded by investment analysts at Scotiabank from a "sector perform" rating to an "outperform" rating in a note issued to investors on Monday, BayStreet.CA reports.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their target price on TELUS from C$24.00 to C$23.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. BMO Capital Markets increased their target price on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Barclays lowered their target price on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. TD Securities lowered their price target on TELUS from C$26.00 to C$25.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Finally, CIBC lowered their price target on TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, TELUS currently has an average rating of "Moderate Buy" and a consensus price target of C$24.54.

TELUS Stock Performance

TELUS stock traded up C$0.45 during midday trading on Monday, hitting C$22.45. The stock had a trading volume of 3,977,617 shares, compared to its average volume of 3,245,484. The firm's fifty day moving average is C$22.30 and its two-hundred day moving average is C$22.07. The company has a market capitalization of C$33.23 billion, a PE ratio of 42.40, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a 52-week low of C$20.04 and a 52-week high of C$25.94. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

TELUS (TSE:T - Get Free Report) NYSE: TU last announced its quarterly earnings data on Friday, August 2nd. The company reported C$0.25 earnings per share (EPS) for the quarter, beating 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 business had revenue of C$4.97 billion during the quarter, compared to analyst estimates of C$5.04 billion. On average, research analysts forecast that TELUS will post 1.2267985 EPS for the current year.

Insider Buying and Selling at TELUS

In other TELUS news, Director Marc Parent purchased 10,530 shares of the stock in a transaction on 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. 0.02% of the stock is 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.