TELUS (TSE:T) Cut to Hold at National Bank Financial

TELUS (TSE:T) (NYSE:TU) was downgraded by research analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. TD Securities cut their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Tuesday, December 3rd. Scotiabank cut their target price on TELUS from C$24.00 to C$23.25 in a research note on Tuesday, November 26th. Cormark decreased their price target on TELUS from C$26.00 to C$25.00 in a research note on Monday, November 11th. National Bankshares downgraded TELUS from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$24.00 to C$22.00 in a research report on Friday. Finally, Barclays reduced their price objective on shares of TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. One 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$24.31.

TELUS Trading Down 1.1 %

Shares of T opened at C$20.73 on Thursday. TELUS has a 12-month low of C$20.04 and a 12-month high of C$25.07. The firm has a market capitalization of C$30.68 billion, a P/E ratio of 39.11, a P/E/G ratio of 1.65 and a beta of 0.72. The firm has a 50-day moving average price of C$21.89 and a 200 day moving average price of C$21.96. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58.

Insider Transactions at TELUS

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