TELUS (TSE:T) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Shares of TELUS have dropped below their 200-day moving average, now trading at C$20.50 compared to a moving average of C$21.93.
• Several analysts have adjusted their price targets for TELUS, with estimates ranging from C$23.00 to C$26.00, while maintaining a "Moderate Buy" average rating.
• TELUS has a significant market presence in Canada, holding approximately 30% of the mobile phone market with about 9 million subscribers.

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.93 and traded as low as C$20.29. TELUS shares last traded at C$20.50, with a volume of 6,014,402 shares.

Analyst Ratings Changes

T has been the subject of a number of research analyst reports. Desjardins decreased their price target on TELUS from C$25.00 to C$24.00 and set a "buy" rating for the company in a research note on Thursday, October 9th. CIBC raised their price target on TELUS from C$24.00 to C$25.00 in a research note on Friday, October 17th. National Bankshares set a C$23.00 price objective on shares of TELUS and gave the company a "sector perform" rating in a report on Tuesday, August 12th. Finally, Scotiabank lifted their price objective on shares of TELUS from C$25.00 to C$26.00 and gave the company an "outperform" rating in a report on Monday, September 8th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, TELUS has an average rating of "Moderate Buy" and an average target price of C$23.46.

TELUS Stock Performance

The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The firm has a market cap of C$31.04 billion, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. The firm's fifty day moving average price is C$21.76 and its 200 day moving average price is C$21.93.

About TELUS

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services.

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