Canaccord Genuity Group Has Lowered Expectations for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its price objective decreased by investment analysts at Canaccord Genuity Group from C$21.25 to C$20.25 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 2.90% from the company’s current price.

T has been the subject of several other research reports. Cormark downgraded TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th. National Bank Financial cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. CIBC lowered 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. Barclays cut their target price on TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. Finally, Scotiabank lowered their price target on TELUS from C$23.25 to C$22.50 and set a “sector perform” rating for the company in a research report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$22.69.

TELUS Trading Down 3.1 %

Shares of T stock opened at C$19.68 on Monday. The business has a 50-day moving average price of C$21.28 and a two-hundred day moving average price of C$21.30. TELUS has a 12-month low of C$19.10 and a 12-month high of C$23.43. 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 firm has a market cap of C$29.63 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insider Transactions at TELUS

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