TELUS (TSE:T) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

TELUS Co. (TSE:T) (NYSE:TU) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.53 and traded as high as C$21.80. TELUS shares last traded at C$21.67, with a volume of 4,891,849 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on T shares. National Bank Financial cut TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a report on Thursday, January 2nd. CIBC dropped 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. Cormark cut TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Barclays dropped their price target on TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, TELUS has an average rating of “Hold” and an average price target of C$23.00.

TELUS Stock Down 0.6 %

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 business has a 50 day moving average price of C$21.18 and a 200 day moving average price of C$21.53. The firm has a market capitalization of C$32.42 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insider Activity at TELUS

In other news, Director Hazel Cynthia Claxton purchased 1,845 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average cost of C$21.70 per share, for a total transaction of C$40,036.50. 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.