Thomas Earl Flynn Purchases 3,000 Shares of TELUS (TSE:T) Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Thomas Earl Flynn purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average price of C$17.45 per share, for a total transaction of C$52,350.00. Following the purchase, the director directly owned 14,389 shares in the company, valued at approximately C$251,088.05. The trade was a 26.34% increase in their ownership of the stock.

TELUS Price Performance

Shares of TELUS stock traded up C$0.20 during trading on Friday, reaching C$19.01. 6,400,270 shares of the stock traded hands, compared to its average volume of 5,772,031. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The company has a market capitalization of C$29.48 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.65 and a beta of 0.85. TELUS Co. has a 52-week low of C$17.26 and a 52-week high of C$23.29. The business has a fifty day simple moving average of C$18.27 and a two-hundred day simple moving average of C$20.63.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$5.07 billion for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%. Sell-side analysts expect that TELUS Co. will post 1.2267985 EPS for the current year.

Analyst Ratings Changes

T has been the subject of a number of research analyst reports. CIBC raised their target price on TELUS from C$24.00 to C$25.00 in a research note on Friday, October 17th. Scotiabank lowered their price target on TELUS from C$22.50 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday. National Bankshares cut their target price on shares of TELUS from C$21.50 to C$21.00 and set an “outperform” rating for the company in a research note on Tuesday, December 30th. JPMorgan Chase & Co. cut shares of TELUS from a “neutral” rating to an “underweight” rating and reduced their target price for the company from C$22.00 to C$19.00 in a research report on Tuesday, November 18th. Finally, Morgan Stanley lowered their price objective on TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, TELUS has an average rating of “Moderate Buy” and an average target price of C$21.79.

About TELUS

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.