TELUS (TSE:T) Stock Price Down 1.6% – Here’s Why

TELUS Co. (TSE:T) (NYSE:TU)’s stock price was down 1.6% on Friday . The stock traded as low as C$20.59 and last traded at C$20.64. Approximately 2,767,600 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 4,158,701 shares. The stock had previously closed at C$20.98.

Analyst Upgrades and Downgrades

T has been the subject of several research reports. Scotiabank decreased their price objective on shares of TELUS from C$23.25 to C$22.50 and set a “sector perform” rating for the company in a research note on Wednesday, January 8th. National Bankshares reduced their target price on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Friday, January 3rd. Barclays lowered their target price on TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. Royal Bank of Canada lowered their price target on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, National Bank Financial cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$22.91.

TELUS Stock Down 4.7 %

The business’s 50 day moving average price is C$21.29 and its 200 day moving average price is C$21.50. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The firm has a market cap of C$30.10 billion, a PE ratio of 32.43, a PEG ratio of 1.65 and a beta of 0.72.

Insider Transactions at TELUS

In other TELUS news, Director Hazel Cynthia Claxton acquired 1,845 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was bought at an average price of C$21.70 per share, for a total transaction of C$40,036.50. Corporate 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.