TELUS (TSE:T) PT Set at C$23.50 by Scotiabank

TELUS (TSE:T) (NYSE:TU) received a C$23.50 target price from investment analysts at Scotiabank in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 13.20% from the stock’s previous close.

Several other brokerages also recently weighed in on T. Barclays cut their target price on shares of TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. Bank of America lowered shares of TELUS from a “buy” rating to a “neutral” rating and cut their price objective for the company from C$24.00 to C$22.00 in a research report on Friday, March 21st. Cormark lowered shares of TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price target on TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a report on Thursday, January 2nd. Finally, TD Securities raised their price objective on TELUS from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$22.77.

TELUS Price Performance

Shares of TSE:T opened at C$20.76 on Wednesday. TELUS has a one year low of C$19.10 and a one year high of C$23.43. The stock has a market cap of C$31.26 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The business’s fifty day moving average price is C$21.17 and its two-hundred day moving average price is C$21.17. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69.

Insiders Place Their Bets

In other TELUS news, Director Hazel Cynthia Claxton bought 1,845 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price of C$21.70 per share, with a total value of C$40,036.50. 0.02% of the stock is currently owned by 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.