TELUS (TSE:T) Given a C$23.50 Price Target at Scotiabank

Scotiabank set a C$23.50 price target on TELUS (TSE:T - Free Report) NYSE: TU in a research note released on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also commented on T. Bank of America lowered 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. JPMorgan Chase & Co. decreased their price target on TELUS from C$23.00 to C$22.00 and set a "neutral" rating on the stock in a research report on Thursday, January 2nd. National Bankshares reduced their price objective on shares of TELUS from C$22.00 to C$21.00 and set a "sector perform" rating for the company in a research note on Friday, January 3rd. CIBC lowered their target price on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Finally, Canaccord Genuity Group decreased their price target on shares of TELUS from C$21.25 to C$20.25 and set a "hold" rating on the stock in a report on Monday, April 7th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, TELUS presently has an average rating of "Hold" and a consensus price target of C$22.77.

TELUS Stock Performance

Shares of T stock traded up C$0.27 during trading hours on Wednesday, hitting C$20.76. 2,587,278 shares of the company were exchanged, compared to its average volume of 4,538,916. 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. The firm has a fifty day simple moving average of C$21.17 and a 200 day simple moving average of C$21.15. The stock has a market capitalization of C$31.26 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 1.65 and a beta of 0.72.

Insiders Place Their Bets

In other TELUS news, Director Hazel Cynthia Claxton bought 1,845 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were purchased 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 currently owned by company 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.