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

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

A number of analysts have recently issued reports on T shares. Cormark lowered shares of TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating and cut their price target for the stock from C$24.00 to C$22.00 in a report on Friday, March 21st. Royal Bank of Canada lowered their price objective on 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. Barclays decreased their target price on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group raised their price objective on TELUS from C$20.25 to C$21.50 in a report on Monday, May 12th.

TELUS Trading Up 0.8%

Shares of T opened at C$22.07 on Tuesday. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$23.43. The stock has a market capitalization of C$33.23 billion, a PE ratio of 35.81, a P/E/G ratio of 1.65 and a beta of 0.72. The company's fifty day moving average is C$20.83 and its 200 day moving average is C$21.00.

Insiders Place Their Bets

In related news, Director Hazel Cynthia Claxton acquired 1,845 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average price of C$21.70 per share, with a total value of C$40,036.50. 0.02% of the stock is currently owned by company insiders.

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.

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