TELUS (TSE:T) Given New C$25.00 Price Target at TD Securities

TELUS (TSE:T) (NYSE:TU) had its target price raised by TD Securities from C$24.00 to C$25.00 in a report published on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on T. Royal Bank of Canada dropped their price target on 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. CIBC cut 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. Scotiabank reduced their price target on shares of TELUS from C$23.25 to C$22.50 and set a “sector perform” rating on the stock in a research report on Wednesday, January 8th. Barclays lowered their price objective on shares of TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, TELUS currently has an average rating of “Hold” and a consensus target price of C$23.00.

TELUS Price Performance

Shares of TSE T opened at C$21.80 on Friday. The firm has a market capitalization of C$32.82 billion, a P/E ratio of 35.37, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The stock’s 50-day simple moving average is C$20.40 and its two-hundred day simple moving average is C$21.54. TELUS has a twelve month low of C$19.10 and a twelve month high of C$24.47.

Insider Activity

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