TELUS Co. (TSE:T) Given Average Rating of "Hold" by Analysts

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU have been given an average recommendation of "Hold" by the eleven analysts that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$22.88.

T has been the subject of a number of analyst reports. Royal Bank of Canada lowered their price target on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Canaccord Genuity Group raised their price objective on TELUS from C$20.25 to C$21.50 in a research note on Monday, May 12th. Bank of America lowered TELUS from a "buy" rating to a "neutral" rating and lowered their price objective for the company from C$24.00 to C$22.00 in a research note on Friday, March 21st. Barclays lowered their price target on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Finally, Cormark lowered shares of TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th.

TELUS Price Performance

Shares of TSE T traded down C$0.03 during midday trading on Tuesday, reaching C$22.14. 1,722,328 shares of the stock traded hands, compared to its average volume of 4,212,358. 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 stock has a market capitalization of C$33.33 billion, a PE ratio of 35.92, a P/E/G 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$23.43. The company's 50 day moving average is C$20.88 and its 200 day moving average is C$21.02.

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.