TELUS (TSE:T) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$21.29 and traded as high as C$22.65. TELUS shares last traded at C$22.51, with a volume of 2,962,912 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on T shares. Canaccord Genuity Group increased their price target on shares of TELUS from C$20.25 to C$21.50 in a research note on Monday, May 12th. Scotiabank set a C$24.50 target price on shares of TELUS and gave the stock an "outperform" rating in a research report on Friday, June 13th. BMO Capital Markets raised their target price on shares of TELUS from C$23.00 to C$24.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. National Bankshares raised their target price on shares of TELUS from C$22.00 to C$23.00 and gave the stock a "sector perform" rating in a research report on Friday, June 6th. Finally, Royal Bank Of Canada lowered 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$23.04.

TELUS Stock Down 0.9%

The firm's 50 day moving average is C$22.17 and its two-hundred day moving average is C$21.34. The stock has a market cap of C$33.59 billion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41.

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.