Brokerages Set TELUS Co. (TSE:T) PT at C$21.79

Shares of TELUS Co. (TSE:T) (NYSE:TU) have received an average rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$21.95.

Several equities analysts recently weighed in on the stock. Desjardins set a C$23.00 target price on shares of TELUS and gave the company a “buy” rating in a research note on Monday, January 12th. BMO Capital Markets cut shares of TELUS from an “outperform” rating to a “hold” rating and cut their price target for the company from C$23.00 to C$19.00 in a research note on Thursday, December 11th. Morgan Stanley lowered their price objective on shares of TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. CIBC upped their target price on shares of TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. Finally, TD Securities reduced their price target on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a report on Monday, December 15th.

Insiders Place Their Bets

In other TELUS news, Director Darren Entwistle purchased 190,000 shares of the business’s stock in a transaction on Friday, December 19th. The stock was acquired at an average price of C$17.38 per share, with a total value of C$3,302,200.00. Following the acquisition, the director directly owned 1,070,741 shares of the company’s stock, valued at C$18,609,478.58. This trade represents a 21.57% increase in their position. Also, Director Hazel Cynthia Claxton acquired 3,445 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was bought at an average price of C$17.46 per share, for a total transaction of C$60,149.70. Following the completion of the acquisition, the director owned 8,403 shares of the company’s stock, valued at approximately C$146,716.38. The trade was a 69.48% increase in their ownership of the stock. Over the last quarter, insiders have purchased 258,245 shares of company stock valued at $4,486,022. 0.02% of the stock is owned by insiders.

TELUS Price Performance

Shares of TSE T opened at C$18.76 on Friday. 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 business has a 50-day moving average of C$18.24 and a 200-day moving average of C$20.53. The stock has a market capitalization of C$29.10 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.65 and a beta of 0.85. TELUS has a fifty-two week low of C$17.26 and a fifty-two week high of C$23.29.

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

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.