TELUS (TSE:T) Price Target Lowered to C$24.00 at Royal Bank of Canada

TELUS (TSE:T) (NYSE:TU) had its price target dropped by investment analysts at Royal Bank of Canada from C$25.00 to C$24.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 20.79% from the stock’s current price.

A number of other research firms have also recently commented on T. BMO Capital Markets lifted their price objective on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. National Bankshares downgraded TELUS from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$24.00 to C$22.00 in a research note on Friday, December 13th. Barclays lowered their target price on TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. National Bank Financial cut TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Finally, TD Securities reduced their price target on TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$24.23.

TELUS Trading Down 1.2 %

Shares of TSE:T traded down C$0.24 during mid-day trading on Wednesday, reaching C$19.87. The stock had a trading volume of 2,600,496 shares, compared to its average volume of 3,423,602. The firm has a market cap of C$29.41 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The firm has a 50 day simple moving average of C$21.82 and a two-hundred day simple moving average of C$21.93. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58. TELUS has a twelve month low of C$19.81 and a twelve month high of C$24.92.

Insider Activity

In other news, Director Victor George Dodig acquired 100,000 shares of TELUS stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of C$21.38 per share, for a total transaction of C$2,138,000.00. Also, Director Marc Parent bought 19,100 shares of the stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average cost 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.