TELUS (TSE:T) Price Target Raised to C$23.00

TELUS (TSE:T - Get Free Report) NYSE: TU had its target price raised by 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 would suggest a potential upside of 2.95% from the company's current price.

A number of other equities research analysts also recently issued reports on T. Scotiabank set a C$23.50 price target on shares of TELUS and gave the company an "outperform" rating in a research note on Wednesday, April 16th. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating and reduced their target price for the stock from C$24.00 to C$22.00 in a report on Friday, March 21st. Royal Bank of Canada decreased 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 report on Wednesday, April 9th. Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, TD Securities boosted their price objective on TELUS from C$24.00 to C$25.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, TELUS currently has an average rating of "Hold" and an average target price of C$23.04.

TELUS Price Performance

Shares of T stock traded down C$0.05 during trading hours on Friday, hitting C$22.34. The stock had a trading volume of 1,061,419 shares, compared to its average volume of 4,091,448. 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 stock has a market capitalization of C$33.63 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a one year low of C$19.10 and a one year high of C$23.43. The stock's 50-day moving average price is C$21.23 and its two-hundred day moving average price is C$21.07.

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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