TELUS Co. (TSE:T) Given Average Rating of “Hold” by Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$22.91.

Several equities analysts recently weighed in on T shares. Barclays decreased their target price on shares of TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. Scotiabank lowered their price target on TELUS from C$23.25 to C$22.50 and set a “sector perform” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. TD Securities increased their price target 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, Cormark cut shares of TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

TELUS Stock Up 0.0 %

Shares of T stock opened at C$20.44 on Monday. The firm has a market capitalization of C$30.77 billion, a P/E ratio of 33.16, a PEG ratio of 1.65 and a beta of 0.72. The firm’s fifty day moving average price is C$21.32 and its two-hundred day moving average price is C$21.42. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. TELUS has a 1 year low of C$19.10 and a 1 year high of C$23.43.

Insider Buying and Selling at TELUS

In other news, Director Hazel Cynthia Claxton acquired 1,845 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average price of C$21.70 per share, with a total value of C$40,036.50. Insiders own 0.02% of the company’s stock.

About TELUS

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.