TELUS (TSE:T) Stock Passes Below 200-Day Moving Average – Should You Sell?

TELUS Co. (TSE:T) (NYSE:TU)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$20.32 and traded as low as C$19.30. TELUS shares last traded at C$19.42, with a volume of 9,626,510 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on T shares. Desjardins set a C$23.00 price target on TELUS and gave the company a “buy” rating in a report on Monday, January 12th. Scotiabank decreased their price objective on TELUS from C$22.50 to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 20th. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. lowered shares of TELUS from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from C$22.00 to C$19.00 in a report on Tuesday, November 18th. Finally, Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$21.95.

TELUS Stock Up 0.8%

The business’s 50-day moving average is C$18.38 and its two-hundred day moving average is C$20.32. The stock has a market capitalization of C$30.12 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.65 and a beta of 0.79. 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 (TSE:T) (NYSE:TU) last issued its earnings results on Friday, November 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. The business 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%. Equities analysts anticipate that TELUS Co. will post 1.2267985 EPS for the current year.

Insider Activity at TELUS

In other TELUS news, Director Thomas Earl Flynn purchased 3,000 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was acquired at an average price of C$17.45 per share, for a total transaction of C$52,350.00. Following the completion of 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 position. Also, Director Hazel Cynthia Claxton acquired 3,445 shares of the stock in a transaction dated Wednesday, December 24th. The shares were bought at an average cost of C$17.46 per share, with a total value of C$60,149.70. Following the completion of the transaction, the director owned 8,403 shares of the company’s stock, valued at approximately C$146,716.38. This represents a 69.48% increase in their position. Over the last 90 days, insiders bought 258,245 shares of company stock worth $4,486,022. Company insiders own 0.02% of the company’s stock.

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.