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

TELUS (TSE:T) (NYSE:TU) had its price objective lowered by Royal Bank of Canada from C$25.00 to C$24.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 20.79% from the company’s current price.

T has been the topic of several other reports. Barclays lowered their price target on shares of TELUS from C$24.00 to C$23.00 in a report on Wednesday, October 9th. Cormark decreased their price target on shares of TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. Scotiabank reduced their price objective on shares of TELUS from C$24.00 to C$23.25 in a report on Tuesday, November 26th. TD Securities reduced their target price on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Tuesday, December 3rd. Finally, National Bank Financial downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$24.23.

TELUS Stock Down 1.2 %

TSE:T traded down C$0.24 during mid-day trading on Wednesday, hitting C$19.87. 2,600,496 shares of the company’s stock were exchanged, compared to its average volume of 3,423,602. The company has a market cap of C$29.41 billion, a PE ratio of 37.49, a P/E/G ratio of 1.65 and a beta of 0.72. The business has a fifty day moving average price of C$21.82 and a 200 day moving average price of C$21.93. TELUS has a one year low of C$19.81 and a one year high of C$24.92. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52.

Insider Buying and Selling at TELUS

In other TELUS news, Director Victor George Dodig bought 100,000 shares of TELUS stock in a transaction on Thursday, November 14th. The shares were bought at an average price 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 that occurred on Tuesday, December 10th. The shares were bought at an average cost of C$22.04 per share, with a total value of C$420,964.00. 0.02% of the stock is currently owned by company 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.