TELUS Co. (TSE:T) Given Consensus Recommendation of “Hold” by Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$23.00.

Several brokerages have recently issued reports on T. TD Securities lifted their price objective on TELUS from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on shares of TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a report on Thursday, January 2nd. Scotiabank dropped their price objective 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. National Bank Financial cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Barclays dropped their target price on TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th.

Insider Transactions at TELUS

In related news, Director Hazel Cynthia Claxton purchased 1,845 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of C$21.70 per share, with a total value of C$40,036.50. Insiders own 0.02% of the company’s stock.

TELUS Stock Up 2.1 %

Shares of T opened at C$23.20 on Thursday. The company’s 50-day simple moving average is C$21.01 and its 200-day simple moving average is C$21.52. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. TELUS has a 1 year low of C$19.10 and a 1 year high of C$23.43. The stock has a market capitalization of C$34.93 billion, a PE ratio of 37.64, a P/E/G ratio of 1.65 and a beta of 0.72.

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.