TELUS (TSE:T) Price Target Lowered to C$23.25 at Scotiabank

TELUS (TSE:T) (NYSE:TU) had its price objective reduced by equities researchers at Scotiabank from C$24.00 to C$23.25 in a report released on Tuesday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 8.75% from the stock’s previous close.

T has been the topic of several other research reports. TD Securities dropped their target price on TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Barclays dropped their target price on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. BMO Capital Markets increased their target price on TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Cormark dropped their target price on TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. Finally, Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$23.00 to C$21.50 in a report on Tuesday, August 6th. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$24.40.

TELUS Stock Performance

TELUS stock traded down C$0.26 during trading on Tuesday, hitting C$21.38. The stock had a trading volume of 1,799,362 shares, compared to its average volume of 3,339,439. TELUS has a 1 year low of C$20.04 and a 1 year high of C$25.94. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. The stock’s 50 day moving average is C$22.15 and its two-hundred day moving average is C$22.02. The stock has a market cap of C$31.64 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insider Activity at TELUS

In other TELUS news, Director Victor George Dodig purchased 100,000 shares of TELUS stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. 0.02% of the stock is currently owned by company insiders.

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.