Canaccord Genuity Group Cuts TELUS (TSE:T) Price Target to C$20.25

TELUS (TSE:T) (NYSE:TU) had its target price lowered by Canaccord Genuity Group from C$21.25 to C$20.25 in a research report report published on Monday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other analysts also recently weighed in on T. Royal Bank of Canada reduced their target price 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. Bank of America cut shares of TELUS from a “buy” rating to a “neutral” rating and cut their price objective for the stock from C$24.00 to C$22.00 in a report on Friday, March 21st. Barclays lowered their target price on shares of TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. TD Securities boosted their price target on TELUS from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$22.69.

TELUS Trading Up 0.9 %

TSE T opened at C$19.86 on Monday. The firm has a market capitalization of C$29.90 billion, a PE ratio of 32.22, a P/E/G ratio of 1.65 and a beta of 0.72. The stock’s 50 day moving average is C$21.23 and its 200 day moving average is C$21.25. TELUS has a twelve month low of C$19.10 and a twelve month high of C$23.43. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41.

Insiders Place Their Bets

In related news, Director Hazel Cynthia Claxton acquired 1,845 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of C$21.70 per share, for a total transaction of C$40,036.50. 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.