TD Securities Issues Pessimistic Forecast for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its target price reduced by investment analysts at TD Securities from C$26.00 to C$25.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 13.69% from the company’s current price.

Several other equities analysts also recently weighed in on T. Royal Bank of Canada lowered their price target on shares of TELUS from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. BMO Capital Markets boosted their price objective on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Scotiabank cut their price objective on shares of TELUS from C$24.00 to C$23.25 in a research report on Tuesday, November 26th. Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating and cut their price target for the stock from C$23.00 to C$21.50 in a report on Tuesday, August 6th. Finally, Cormark lowered their price objective on shares of TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$24.40.

TELUS Stock Performance

Shares of T stock traded up C$0.09 during trading hours on Tuesday, reaching C$21.99. The company had a trading volume of 1,908,082 shares, compared to its average volume of 3,332,732. The business has a fifty day moving average price of C$22.05 and a 200-day moving average price of C$22.00. TELUS has a one year low of C$20.04 and a one year high of C$25.94. The firm has a market cap of C$32.55 billion, a PE ratio of 41.49, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66.

Insider Transactions at TELUS

In other news, Director Victor George Dodig acquired 100,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Company insiders own 0.02% of the company’s stock.

About TELUS

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.