Scotiabank set a C$24.50 price objective on TELUS (TSE:T - Free Report) NYSE: TU in a report released on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
T has been the subject of several other reports. TD Securities increased their price objective on TELUS from C$24.00 to C$25.00 and gave the company a "buy" rating in a report on Friday, February 14th. Royal Bank of Canada cut their price target on TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Canaccord Genuity Group upped their price target on TELUS from C$20.25 to C$21.50 in a research note on Monday, May 12th. Bank of America cut 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 research note on Friday, March 21st. Finally, National Bankshares upped their price target on TELUS from C$22.00 to C$23.00 and gave the stock a "sector perform" rating in a research note on Friday, June 6th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$23.13.
View Our Latest Research Report on TELUS
TELUS Stock Performance
Shares of T stock traded down C$0.19 during trading hours on Friday, hitting C$21.92. The stock had a trading volume of 2,993,117 shares, compared to its average volume of 4,155,446. The firm has a market capitalization of C$33.00 billion, a PE ratio of 35.56, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a twelve month low of C$19.10 and a twelve month high of C$23.43. The stock's 50 day moving average is C$21.45 and its 200 day moving average is C$21.09. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52.
About TELUS
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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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