TELUS (TSE:T) Given New C$24.00 Price Target at TD Securities

TELUS (TSE:T) (NYSE:TU) had its target price reduced by investment analysts at TD Securities from C$25.00 to C$24.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 14.39% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on T. Scotiabank lowered their price target on 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 downgraded TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Royal Bank of Canada reduced their price target on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 18th. CIBC lowered their price objective on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Finally, Cormark reduced their target price on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$22.90.

TELUS Price Performance

TSE T traded up C$0.15 during trading hours on Thursday, hitting C$20.98. The company had a trading volume of 806,497 shares, compared to its average volume of 3,720,180. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. The firm has a market capitalization of C$31.05 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a 52 week low of C$19.10 and a 52 week high of C$24.47. The firm has a 50 day simple moving average of C$20.57 and a 200 day simple moving average of C$21.57.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, November 8th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.23 by C$0.05. TELUS had a net margin of 3.91% and a return on equity of 4.67%. During the same period in the previous year, the firm posted $0.25 EPS. Equities research analysts expect that TELUS will post 1.2267985 earnings per share for the current year.

Insider Activity at TELUS

In related news, Director Victor George Dodig bought 100,000 shares of the stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. Also, Director Marc Parent purchased 19,100 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were bought 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 currently owned by insiders.

TELUS Company Profile

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.