Brokerages Set TELUS Co. (TSE:T) Target Price at C$22.77

Shares of TELUS Co. (TSE:T) (NYSE:TU) have earned an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$22.77.

A number of brokerages have recently issued reports on T. CIBC cut their target price on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Scotiabank set a C$23.50 price objective on TELUS and gave the stock an “outperform” rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a research note on Thursday, January 2nd. Royal Bank of Canada dropped their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, TD Securities boosted their price target on shares of TELUS from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Friday, February 14th.

Insider Activity at TELUS

In other TELUS news, Director Hazel Cynthia Claxton acquired 1,845 shares of the business’s stock in a transaction that occurred on 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. 0.02% of the stock is currently owned by company insiders.

TELUS Stock Performance

TSE:T opened at C$20.99 on Friday. The firm has a market capitalization of C$31.60 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. TELUS has a 12-month low of C$19.10 and a 12-month high of C$23.43. The firm has a 50-day moving average price of C$21.08 and a 200 day moving average price of C$21.08.

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.