TELUS Co. (TSE:T) Receives C$21.38 Consensus Price Target from Brokerages

Shares of TELUS Co. (TSE:T) (NYSE:TU) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$21.38.

Several equities analysts have weighed in on T shares. ATB Cormark Capital Markets reduced their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a report on Friday, February 13th. Desjardins set a C$23.00 price target on TELUS and gave the company a “buy” rating in a research report on Monday, January 12th. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. BMO Capital Markets lowered TELUS from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$23.00 to C$19.00 in a report on Thursday, December 11th. Finally, National Bank Financial lowered their price objective on TELUS from C$21.50 to C$21.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 30th.

Insider Buying and Selling at TELUS

In other TELUS news, Director Hazel Cynthia Claxton acquired 3,445 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was bought at an average cost of C$17.46 per share, with a total value of C$60,149.70. Following the acquisition, the director owned 8,403 shares in the company, valued at approximately C$146,716.38. This represents a 69.48% increase in their ownership of the stock. Also, Director Thomas Earl Flynn acquired 3,000 shares of TELUS stock in a transaction that occurred on Wednesday, December 24th. The stock was acquired at an average price of C$17.45 per share, with a total value of C$52,350.00. Following the completion of the purchase, the director directly owned 14,389 shares in the company, valued at C$251,088.05. This represents a 26.34% increase in their position. Insiders have bought 258,245 shares of company stock worth $4,486,022 over the last three months. Company insiders own 0.02% of the company’s stock.

TELUS Stock Down 0.6%

T opened at C$18.27 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.86 and a debt-to-equity ratio of 199.42. The stock has a market cap of C$28.52 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.65 and a beta of 0.61. TELUS has a twelve month low of C$17.26 and a twelve month high of C$23.18. The company’s 50-day moving average price is C$18.72 and its two-hundred day moving average price is C$19.63.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.20 earnings per share (EPS) for the quarter. The company had revenue of C$5.23 billion during the quarter. TELUS had a net margin of 5.47% and a return on equity of 7.68%. As a group, equities analysts expect that TELUS will post 1.2267985 earnings per share for the current year.

TELUS Company Profile

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.