TELUS Co. (TSE:T) Given Average Recommendation of "Hold" by Brokerages

TELUS Co. (TSE:T - Get Free Report) NYSE: TU has been given an average rating of "Hold" by the eleven research firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$23.13.

A number of research firms recently commented on T. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating and dropped their target price for the company from C$24.00 to C$22.00 in a research report on Friday, March 21st. Canaccord Genuity Group lifted their target price on TELUS from C$20.25 to C$21.50 in a research report on Monday, May 12th. Royal Bank of Canada reduced their target price on TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Cormark downgraded TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, TD Securities lifted their price target on TELUS from C$24.00 to C$25.00 and gave the stock a "buy" rating in a research report on Friday, February 14th.

TELUS Price Performance

Shares of TSE T opened at C$21.92 on Friday. 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 company has a market cap of C$33.00 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The stock's 50-day moving average is C$21.45 and its two-hundred day moving average is C$21.10. TELUS has a 1-year low of C$19.10 and a 1-year high of C$23.43.

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.

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