TELUS (TSE:T) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

TELUS (TSE:T) (NYSE:TU) had its target price hoisted by Canaccord Genuity Group from C$20.25 to C$21.50 in a report released on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also issued reports on T. Cormark lowered TELUS from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Bank of America downgraded shares of TELUS from a “buy” rating to a “neutral” rating and cut their price target for the stock from C$24.00 to C$22.00 in a report on Friday, March 21st. Scotiabank set a C$23.50 price objective on shares of TELUS and gave the company an “outperform” rating in a report on Wednesday, April 16th. Royal Bank of Canada reduced their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Barclays lowered their price target on shares of TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$22.88.

TELUS Stock Down 0.6%

TSE:T opened at C$21.72 on Monday. 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 twelve month low of C$19.10 and a twelve month high of C$23.43. The company has a market cap of C$32.70 billion, a PE ratio of 35.24, a P/E/G ratio of 1.65 and a beta of 0.72. The company’s 50 day moving average is C$20.85 and its two-hundred day moving average is C$21.02.

Insider Activity

In other news, Director Hazel Cynthia Claxton acquired 1,845 shares of the firm’s 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. Company insiders own 0.02% of the company’s stock.

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.