National Bank Financial Downgrades TELUS (TSE:T) to Hold

TELUS (TSE:T) (NYSE:TU) was downgraded by stock analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities analysts also recently weighed in on T. Barclays cut their target price on TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. Cormark cut their price objective on shares of TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. National Bankshares lowered shares of TELUS from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$24.00 to C$22.00 in a report on Friday. TD Securities cut their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Tuesday, December 3rd. Finally, Scotiabank decreased their price objective on shares of TELUS from C$24.00 to C$23.25 in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, TELUS currently has an average rating of “Hold” and a consensus target price of C$24.31.

TELUS Trading Down 1.1 %

T stock opened at C$20.73 on Thursday. The firm has a market cap of C$30.68 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The firm has a fifty day moving average price of C$21.89 and a 200 day moving average price of C$21.96. The company has a debt-to-equity ratio of 171.58, a quick ratio of 0.52 and a current ratio of 0.66. TELUS has a fifty-two week low of C$20.04 and a fifty-two week high of C$25.07.

Insider Activity

In other TELUS news, Director Victor George Dodig bought 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were 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 purchased 19,100 shares of the stock in a transaction on Tuesday, December 10th. The stock was acquired at an average cost of C$22.04 per share, with a total value of C$420,964.00. Company insiders own 0.02% of the company’s stock.

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.