Insider Buying: TELUS (TSE:T) Director Purchases 3,445 Shares of Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Hazel Cynthia Claxton bought 3,445 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was bought at an average price of C$17.46 per share, with a total value of C$60,149.70. Following the completion of the transaction, the director directly owned 8,403 shares of the company’s stock, valued at C$146,716.38. This represents a 69.48% increase in their position.

TELUS Trading Up 1.1%

Shares of TELUS stock traded up C$0.20 during trading on Friday, reaching C$19.01. The company’s stock had a trading volume of 6,400,270 shares, compared to its average volume of 5,772,031. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. TELUS Co. has a 52-week low of C$17.26 and a 52-week high of C$23.29. The firm’s 50-day moving average is C$18.27 and its two-hundred day moving average is C$20.63. The company has a market cap of C$29.48 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.65 and a beta of 0.85.

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

Analyst Upgrades and Downgrades

T has been the subject of a number of analyst reports. Desjardins set a C$23.00 price objective on TELUS and gave the company a “buy” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. downgraded TELUS from a “neutral” rating to an “underweight” rating and reduced their price target for the company from C$22.00 to C$19.00 in a report on Tuesday, November 18th. TD Securities lowered their price target on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Monday, December 15th. Morgan Stanley dropped their price target on shares of TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. Finally, CIBC upped their price target on TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.79.

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.