TELUS (TSE:T) Given a C$23.00 Price Target by National Bankshares Analysts

Key Points

• NATIONAL BANKSHARES has set a price target of C$23.00 for TELUS, indicating a potential upside of 3.79% from its current price, while maintaining a "sector perform" rating.
• According to analysts, TELUS has received multiple ratings, with a consensus of "Hold" and an average price target of C$23.18.
• On Tuesday, TELUS shares traded at C$22.16, slightly up C$0.08, with a 52-week high of C$23.43 and a market cap of C$33.36 billion.

TELUS (TSE:T - Get Free Report) NYSE: TU has been assigned a C$23.00 price target by equities researchers at National Bankshares in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' target price points to a potential upside of 2.50% from the company's previous close.

A number of other equities analysts also recently weighed in on the company. Scotiabank set a C$24.50 price target on TELUS and gave the stock an "outperform" rating in a research report on Friday, June 13th. Canaccord Genuity Group boosted their price target on TELUS from C$20.25 to C$21.50 in a research report on Monday, May 12th. Finally, BMO Capital Markets boosted their price target on TELUS from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, TELUS currently has a consensus rating of "Hold" and a consensus target price of C$23.18.

TELUS Stock Up 0.4%

Shares of TELUS stock traded up C$0.08 during trading on Tuesday, reaching C$22.44. The stock had a trading volume of 2,306,496 shares, compared to its average volume of 3,958,075. The company has a market capitalization of C$33.79 billion, a price-to-earnings ratio of 36.41, a P/E/G ratio of 1.65 and a beta of 0.72. The stock has a fifty day moving average price of C$22.17 and a two-hundred day moving average price of C$21.62. TELUS has a 52 week low of C$19.10 and a 52 week 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 is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.