TELUS Co. (TSE:T) Given Consensus Recommendation of “Hold” by Brokerages

TELUS Co. (TSE:T) (NYSE:TU) has earned an average rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$21.38.

Several equities research analysts have recently weighed in on T shares. National Bank Financial lowered their price target on shares of TELUS from C$21.50 to C$21.00 and set an “outperform” rating for the company in a research report on Tuesday, December 30th. BMO Capital Markets lowered TELUS from an “outperform” rating to a “hold” rating and lowered their target price for the stock from C$23.00 to C$19.00 in a report on Thursday, December 11th. Desjardins set a C$23.00 target price on TELUS and gave the company a “buy” rating in a research report on Monday, January 12th. ATB Cormark Capital Markets reduced their price target on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. Finally, Morgan Stanley dropped their price objective on TELUS from C$25.00 to C$20.00 in a research report on Wednesday, December 10th.

Insider Activity

In other news, Director Hazel Cynthia Claxton acquired 3,445 shares of TELUS stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average price of C$17.46 per share, for a total transaction of C$60,149.70. Following the purchase, the director directly owned 8,403 shares in the company, valued at C$146,716.38. The trade was a 69.48% increase in their position. Also, Director Darren Entwistle bought 56,200 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average cost of C$17.33 per share, with a total value of C$973,946.00. Following the transaction, the director directly owned 1,132,190 shares of the company’s stock, valued at C$19,620,852.70. The trade was a 5.22% increase in their ownership of the stock. Insiders have acquired a total of 258,245 shares of company stock valued at $4,486,022 over the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

TELUS Stock Performance

Shares of TELUS stock opened at C$18.58 on Thursday. The firm has a market cap of C$29.00 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.65 and a beta of 0.79. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. TELUS has a 12 month low of C$17.26 and a 12 month high of C$23.29. The stock’s fifty day moving average price is C$18.40 and its 200-day moving average price is C$20.19.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.20 earnings per share for the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. The company had revenue of C$5.23 billion during the quarter. On average, equities research analysts expect that TELUS will post 1.2267985 earnings per share for the current fiscal 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.