BMO Capital Markets Increases TELUS (TSE:T) Price Target to C$24.00

TELUS (TSE:T - Free Report) NYSE: TU had its target price hoisted by BMO Capital Markets from C$23.00 to C$24.00 in a report issued on Wednesday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other analysts have also commented on the company. Canaccord Genuity Group boosted their target price on TELUS from C$20.25 to C$21.50 in a research report on Monday, May 12th. Cormark cut TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Bank of America lowered TELUS from a "buy" rating to a "neutral" rating and lowered their target price for the stock from C$24.00 to C$22.00 in a research report on Friday, March 21st. Royal Bank Of Canada cut their target price on TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Scotiabank set a C$24.50 price target on shares of TELUS and gave the company an "outperform" rating in a research report on Friday, June 13th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$23.04.

TELUS Trading Up 0.0%

TSE T traded up C$0.01 during mid-day trading on Wednesday, reaching C$22.03. 1,144,222 shares of the stock were exchanged, compared to its average volume of 4,039,883. The stock has a market cap of C$33.17 billion, a P/E ratio of 35.74, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. TELUS has a one year low of C$19.10 and a one year high of C$23.43. The stock has a 50 day simple moving average of C$21.88 and a 200-day simple moving average of C$21.13.

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.