TELUS (TSE:T) Given New C$24.00 Price Target at Royal Bank of Canada

TELUS (TSE:T) (NYSE:TU) had its target price lowered by Royal Bank of Canada from C$25.00 to C$24.00 in a research note released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also weighed in on T. National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th. TD Securities boosted their price objective on shares of TELUS from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Friday, February 14th. Cormark lowered shares of TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 4th. Scotiabank lowered their price objective on shares of 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. Finally, Canaccord Genuity Group reduced their target price on TELUS from C$21.25 to C$20.25 and set a “hold” rating on the stock in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$22.69.

TELUS Price Performance

Shares of T traded up C$0.23 on Wednesday, hitting C$20.09. The company’s stock had a trading volume of 1,486,186 shares, compared to its average volume of 4,572,274. The company has a 50 day moving average price of C$21.23 and a 200 day moving average price of C$21.25. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The company has a market capitalization of C$30.25 billion, a PE ratio of 32.60, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a fifty-two week low of C$19.10 and a fifty-two week high of C$23.43.

Insiders Place Their Bets

In other TELUS news, Director Hazel Cynthia Claxton purchased 1,845 shares of the firm’s stock in a transaction dated 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.