TELUS (TSE:T) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Shares of TELUS Co. (TSE:T - Get Free Report) NYSE: TU crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$21.07 and traded as high as C$21.12. TELUS shares last traded at C$20.72, with a volume of 3,103,767 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on T. Barclays decreased their price target on TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. TD Securities raised their price target on TELUS from C$24.00 to C$25.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Canaccord Genuity Group dropped their target price on shares of TELUS from C$21.25 to C$20.25 and set a "hold" rating on the stock in a report on Monday, April 7th. CIBC reduced their price objective on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Finally, Cormark lowered shares of TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$22.77.

TELUS Price Performance

The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The company has a market cap of C$31.68 billion, a PE ratio of 34.14, a P/E/G ratio of 1.65 and a beta of 0.72. The stock has a 50-day simple moving average of C$20.94 and a 200 day simple moving average of C$21.04.

Insider Buying and Selling

In other TELUS news, Director Hazel Cynthia Claxton bought 1,845 shares of the stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of C$21.70 per share, for a total transaction of C$40,036.50. Insiders own 0.02% of the company's stock.

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.