Analysts Set TELUS Co. (TSE:T) Price Target at C$22.77

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have been assigned an average recommendation of "Hold" from the eleven analysts that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$22.77.

A number of brokerages recently issued reports on T. Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Scotiabank set a C$23.50 price objective on shares of TELUS and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. National Bankshares decreased their target price 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. Royal Bank of Canada 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 research report on Wednesday, April 9th. Finally, TD Securities raised their price objective on TELUS from C$24.00 to C$25.00 and gave the company a "buy" rating in a report on Friday, February 14th.

TELUS Trading Up 0.3 %

Shares of T stock traded up C$0.06 on Friday, hitting C$20.82. The stock had a trading volume of 1,383,460 shares, compared to its average volume of 4,371,186. 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 has a twelve month low of C$19.10 and a twelve month high of C$23.43. The company has a fifty day moving average price of C$21.09 and a two-hundred day moving average price of C$21.09. The firm has a market cap of C$31.35 billion, a P/E ratio of 33.78, a PEG ratio of 1.65 and a beta of 0.72.

Insider Buying and Selling

In related news, Director Hazel Cynthia Claxton acquired 1,845 shares of the stock in a transaction dated Thursday, February 20th. The stock was bought at an average price of C$21.70 per share, for a total transaction of C$40,036.50. 0.02% of the stock is owned by insiders.

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.