TELUS (TSE:T) Stock Price Expected to Rise, TD Securities Analyst Says

TELUS (TSE:T) (NYSE:TU) had its price target raised by investment analysts at TD Securities from C$24.00 to C$25.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 14.73% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Royal Bank of Canada dropped their target price on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. CIBC reduced their target price on TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a research note on Thursday, January 2nd. National Bank Financial cut TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Barclays dropped their target price on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Five investment 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 presently has an average rating of “Hold” and a consensus target price of C$23.00.

TELUS Trading Up 0.7 %

Shares of T traded up C$0.15 during mid-day trading on Friday, reaching C$21.79. 1,576,879 shares of the company’s stock traded hands, compared to its average volume of 4,094,127. The stock has a market cap of C$32.81 billion, a P/E ratio of 35.35, a P/E/G ratio of 1.65 and a beta of 0.72. The stock’s 50-day moving average is C$20.40 and its two-hundred day moving average is C$21.54. TELUS has a 12 month low of C$19.10 and a 12 month high of C$24.47. 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 Buying and Selling at TELUS

In related news, Director Marc Parent bought 19,100 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average cost of C$22.04 per share, with a total value of C$420,964.00. 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.