TELUS (TSE:T) PT Set at C$23.50 by Scotiabank

Scotiabank set a C$23.50 target price on TELUS (TSE:T) (NYSE:TU) in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. TD Securities lifted their price target on TELUS from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Royal Bank of Canada dropped their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Canaccord Genuity Group lowered their price target on shares of TELUS from C$21.25 to C$20.25 and set a “hold” rating for the company in a research report on Monday, April 7th. National Bankshares cut their price objective on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Friday, January 3rd. Finally, CIBC decreased 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 Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, TELUS has a consensus rating of “Hold” and a consensus price target of C$22.77.

TELUS Stock Performance

Shares of T opened at C$20.76 on Wednesday. TELUS has a one year low of C$19.10 and a one year high of C$23.43. The company has a 50-day simple moving average of C$21.17 and a two-hundred day simple moving average of C$21.16. 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 firm has a market capitalization of C$31.26 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insider Transactions at TELUS

In related news, Director Hazel Cynthia Claxton acquired 1,845 shares of the firm’s stock in a transaction dated 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. Company insiders own 0.02% of the company’s stock.

TELUS Company Profile

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.