TELUS (TSE:T) Price Target Raised to C$21.50 at Canaccord Genuity Group

TELUS (TSE:T) (NYSE:TU) had its price target upped by equities research analysts at Canaccord Genuity Group from C$20.25 to C$21.50 in a research note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential downside of 3.20% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Barclays lowered their price target on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Scotiabank set a C$23.50 price target on TELUS and gave the company an “outperform” rating in a report on Wednesday, April 16th. Cormark cut TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th. TD Securities upped their price objective on TELUS from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada decreased their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$22.88.

TELUS Price Performance

Shares of TELUS stock traded down C$0.07 during trading on Monday, reaching C$22.21. 4,508,856 shares of the company’s stock were exchanged, compared to its average volume of 4,333,115. TELUS has a 1-year low of C$19.10 and a 1-year 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 firm’s 50-day moving average price is C$20.87 and its 200 day moving average price is C$21.01. The company has a market cap of C$33.44 billion, a P/E ratio of 36.04, a PEG ratio of 1.65 and a beta of 0.72.

Insiders Place Their Bets

In other TELUS news, Director Hazel Cynthia Claxton acquired 1,845 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price of C$21.70 per share, with a total value of C$40,036.50. 0.02% of the stock is currently owned by corporate insiders.

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.