TELUS (TSE:T) Given New C$22.00 Price Target at JPMorgan Chase & Co.

TELUS (TSE:T) (NYSE:TU) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from C$23.00 to C$22.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 12.42% from the company’s current price.

Other equities analysts have also issued reports about the company. National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. TD Securities dropped 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 research report on Tuesday, December 3rd. National Bankshares downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$24.00 to C$22.00 in a research note on Friday, December 13th. BMO Capital Markets raised their target price on TELUS from C$24.00 to C$25.00 in a research note on Thursday, September 5th. Finally, Barclays lowered their price target on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$24.15.

TELUS Price Performance

TSE:T traded up C$0.08 during trading hours on Thursday, hitting C$19.57. 1,550,656 shares of the company’s stock traded hands, compared to its average volume of 3,496,002. The firm has a market cap of C$28.96 billion, a P/E ratio of 36.92, 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 0.66 and a debt-to-equity ratio of 171.58. The business’s fifty day simple moving average is C$21.22 and its two-hundred day simple moving average is C$21.72. TELUS has a 52 week low of C$19.10 and a 52 week high of C$24.92.

Insider Buying and Selling

In related news, Director Victor George Dodig purchased 100,000 shares of TELUS stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of C$21.38 per share, for a total transaction 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 purchased at an average cost of C$22.04 per share, for a total transaction of C$420,964.00. 0.02% of the stock is owned by company insiders.

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.