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

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$22.77.

T has been the topic of several research analyst reports. National Bankshares lowered their target price on 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 reduced their price target on shares of TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. Royal Bank of Canada dropped their price objective 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, April 9th. TD Securities lifted their price objective on shares of TELUS from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group decreased their target price on shares of TELUS from C$21.25 to C$20.25 and set a “hold” rating for the company in a research report on Monday, April 7th.

TELUS Price Performance

Shares of TSE T opened at C$20.99 on Friday. The company has a market capitalization of C$31.60 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 1.65 and a beta of 0.72. The business has a 50-day moving average of C$21.08 and a 200-day moving average of C$21.08. TELUS has a 1-year low of C$19.10 and a 1-year high of C$23.43. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52.

Insider Transactions at TELUS

In related news, Director Hazel Cynthia Claxton purchased 1,845 shares of the stock in a transaction on Thursday, February 20th. The shares were bought at an average price of C$21.70 per share, for a total transaction of C$40,036.50. 0.02% of the stock is currently owned by company 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.