Analysts Set TELUS Co. (TSE:T) Target Price at C$22.91

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received an average rating of “Hold” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$22.91.

T has been the subject of several recent analyst reports. TD Securities upped their target price on shares of TELUS from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. National Bankshares reduced their price objective on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Friday, January 3rd. Cormark downgraded TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays decreased their target price on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Finally, CIBC cut their price target 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, January 8th.

Insider Transactions at TELUS

In related news, Director Hazel Cynthia Claxton acquired 1,845 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price 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 Trading Up 0.5 %

Shares of TELUS stock opened at C$20.60 on Monday. The company has a market capitalization of C$31.02 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The stock has a fifty day simple moving average of C$21.34 and a 200 day simple moving average of C$21.36. TELUS has a 12-month low of C$19.10 and a 12-month high of C$23.43. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41.

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.