National Bankshares Issues Pessimistic Forecast for TELUS (TSE:T) Stock Price

TELUS (TSE:T) (NYSE:TU) had its target price decreased by research analysts at National Bankshares from C$22.00 to C$21.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 5.05% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets increased their price target on shares of TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. TD Securities lowered their target price on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Tuesday, December 3rd. National Bank Financial downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Cormark lowered their price objective on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Finally, Scotiabank cut their target price on TELUS from C$24.00 to C$23.25 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, TELUS has a consensus rating of “Hold” and a consensus target price of C$24.06.

TELUS Stock Up 1.8 %

Shares of TELUS stock traded up C$0.36 during trading on Friday, hitting C$19.99. 1,751,766 shares of the stock were exchanged, compared to its average volume of 2,173,887. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. TELUS has a 12-month low of C$19.10 and a 12-month high of C$24.92. The stock has a market cap of C$29.59 billion, a price-to-earnings ratio of 37.72, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The firm’s 50-day moving average price is C$21.17 and its 200 day moving average price is C$21.70.

Insider Buying and Selling

In other TELUS news, Director Victor George Dodig purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent acquired 19,100 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were bought at an average price of C$22.04 per share, for a total transaction of C$420,964.00. 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.