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

TELUS (TSE:T) (NYSE:TU) had its target price lifted by equities researchers at Canaccord Genuity Group from C$20.25 to C$21.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential downside of 1.60% from the stock’s previous close.

Several other research firms also recently commented on T. Barclays reduced their price target on shares of TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Scotiabank set a C$23.50 price objective on shares of TELUS and gave the stock an “outperform” rating in a research report on Wednesday, April 16th. TD Securities upped their price objective on shares of TELUS from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Royal Bank of Canada cut 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 report on Wednesday, April 9th. Finally, Cormark downgraded shares of TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, TELUS presently has an average rating of “Hold” and an average target price of C$22.88.

TELUS Trading Down 2.1%

TSE T opened at C$21.85 on Monday. The firm has a 50 day moving average of C$20.87 and a two-hundred day moving average of C$21.01. TELUS has a 52 week low of C$19.10 and a 52 week 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 stock has a market capitalization of C$32.90 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insiders Place Their Bets

In related news, Director Hazel Cynthia Claxton bought 1,845 shares of the firm’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, with a total value of C$40,036.50. 0.02% of the stock is 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.