Scotiabank Reiterates C$24.50 Price Target for TELUS (TSE:T)

Scotiabank set a C$24.50 target price on TELUS (TSE:T - Free Report) NYSE: TU in a report released on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group raised their price objective on TELUS from C$20.25 to C$21.50 in a research note on Monday, May 12th. Bank of America cut shares of TELUS from a "buy" rating to a "neutral" rating and reduced their target price for the company from C$24.00 to C$22.00 in a research note on Friday, March 21st. National Bankshares lifted their price objective on TELUS from C$22.00 to C$23.00 and gave the stock a "sector perform" rating in a report on Friday, June 6th. Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada lowered their price target on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$23.13.

TELUS Price Performance

Shares of T stock traded down C$0.01 during midday trading on Friday, reaching C$21.91. 1,996,310 shares of the company were exchanged, compared to its average volume of 4,136,671. TELUS has a 12 month low of C$19.10 and a 12 month high of C$23.43. The company has a market cap of C$32.99 billion, a P/E ratio of 35.55, a PEG ratio of 1.65 and a beta of 0.72. The company's 50 day moving average price is C$21.49 and its two-hundred day moving average price is C$21.09. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69.

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.