Insider Buying: TELUS Co. (TSE:T) Director Buys 1,845 Shares of Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Hazel Cynthia Claxton purchased 1,845 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average price of C$21.70 per share, for a total transaction of C$40,036.50.

TELUS Stock Performance

Shares of T stock traded up C$0.10 during trading hours on Monday, reaching C$22.29. The company had a trading volume of 4,276,748 shares, compared to its average volume of 4,105,044. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The business has a fifty day moving average price of C$20.41 and a 200-day moving average price of C$21.51. TELUS Co. has a one year low of C$19.10 and a one year high of C$24.31. The firm has a market cap of C$33.56 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Analyst Ratings Changes

A number of equities research analysts have recently commented on T shares. Barclays cut their target price on TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. Cormark dropped their price target on shares of TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. Royal Bank of Canada reduced their price objective on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. National Bankshares dropped their target price on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Friday, January 3rd. Finally, CIBC reduced their price target on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$23.00.

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.