Analysts Set TELUS Co. (TSE:T) PT at C$22.90

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received a consensus rating of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$22.90.

Several analysts have weighed in on the company. Cormark lowered their target price on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. TD Securities lowered their price target on shares of TELUS from C$25.00 to C$24.00 and set a “buy” rating on the stock 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 report on Thursday, January 2nd. National Bank Financial cut TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Finally, National Bankshares reduced their price objective on TELUS from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research report on Friday, January 3rd.

Insider Buying and Selling at TELUS

In related news, Director Marc Parent bought 19,100 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of C$22.04 per share, with a total value of C$420,964.00. 0.02% of the stock is currently owned by corporate insiders.

TELUS Price Performance

Shares of TSE T opened at C$21.64 on Friday. The company’s fifty day moving average is C$20.41 and its two-hundred day moving average is C$21.54. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The firm has a market capitalization of C$32.58 billion, a P/E ratio of 35.11, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a one year low of C$19.10 and a one year high of C$24.47.

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.