TELUS Co. (TSE:T) Director Acquires C$40,036.50 in Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Hazel Cynthia Claxton acquired 1,845 shares of TELUS stock in a transaction dated Thursday, February 20th. The stock was purchased at an average cost of C$21.70 per share, for a total transaction of C$40,036.50.

TELUS Price Performance

T stock opened at C$22.43 on Thursday. The company has a market capitalization of C$33.77 billion, a PE ratio of 36.39, 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 0.69 and a debt-to-equity ratio of 183.41. The stock’s 50 day moving average is C$20.54 and its two-hundred day moving average is C$21.52. TELUS Co. has a 52-week low of C$19.10 and a 52-week high of C$23.99.

Analysts Set New Price Targets

Several research firms have issued reports on T. CIBC decreased 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 research note 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. Cormark lowered their price target on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Royal Bank of Canada reduced their price objective on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, TD Securities increased their target price 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$23.00.

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.