TELUS (TSE:T) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

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

A number of other research firms also recently issued reports on T. Scotiabank set a C$24.50 target price on shares of TELUS and gave the company an "outperform" rating in a research report on Friday, June 13th. Canaccord Genuity Group boosted their target price on shares of TELUS from C$20.25 to C$21.50 in a research report on Monday, May 12th. National Bankshares boosted their target price on shares of TELUS from C$22.00 to C$23.00 and gave the company a "sector perform" rating in a research report on Friday, June 6th. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating and decreased their target price for the company from C$24.00 to C$22.00 in a research report on Friday, March 21st. Finally, Cormark downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$23.04.

TELUS Stock Up 0.0%

T traded up C$0.01 during trading on Wednesday, hitting C$22.03. The stock had a trading volume of 1,144,222 shares, compared to its average volume of 4,039,883. The company has a market capitalization of C$33.17 billion, a PE ratio of 35.74, 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 company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The stock has a 50 day simple moving average of C$21.88 and a two-hundred 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.