National Bankshares Raises TELUS (TSE:T) Price Target to C$23.00

TELUS (TSE:T - Get Free Report) NYSE: TU had its price target hoisted by analysts at National Bankshares from C$22.00 to C$23.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' price objective points to a potential upside of 2.95% from the company's current price.

T has been the topic of a number of other research reports. Canaccord Genuity Group boosted their target price on shares of TELUS from C$20.25 to C$21.50 in a research report on Monday, May 12th. Cormark downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. TD Securities boosted their target price on shares of TELUS from C$24.00 to C$25.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Royal Bank of Canada reduced 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, April 9th. Finally, Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating and reduced their price target for the stock from C$24.00 to C$22.00 in a research report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$23.04.

TELUS Stock Down 0.2%

T traded down C$0.04 during midday trading on Friday, hitting C$22.34. 7,840,645 shares of the company's stock traded hands, compared to its average volume of 4,142,454. The company has a market cap of C$33.63 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The stock's fifty day simple moving average is C$21.26 and its 200-day simple moving average is C$21.07. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. TELUS has a one year low of C$19.10 and a one 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.