TELUS Co. (TSE:T) Receives Consensus Rating of “Moderate Buy” from Analysts

TELUS Co. (TSE:T) (NYSE:TU) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$21.38.

Several analysts recently issued reports on T shares. ATB Cormark Capital Markets reduced their price target on shares of TELUS from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Friday, February 13th. Scotiabank lowered their price objective on shares of TELUS from C$22.50 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 20th. Morgan Stanley cut their target price on TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. JPMorgan Chase & Co. downgraded TELUS from a “neutral” rating to an “underweight” rating and reduced their target price for the company from C$22.00 to C$19.00 in a report on Tuesday, November 18th. Finally, Desjardins set a C$23.00 price target on TELUS and gave the company a “buy” rating in a research note on Monday, January 12th.

TELUS Stock Up 0.1%

T stock opened at C$18.01 on Monday. TELUS has a 52 week low of C$17.26 and a 52 week high of C$23.18. The business has a 50-day simple moving average of C$18.71 and a 200 day simple moving average of C$19.70. 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 company has a market cap of C$28.11 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.65 and a beta of 0.61.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$5.23 billion for the quarter. TELUS had a net margin of 5.47% and a return on equity of 7.68%. Sell-side analysts anticipate that TELUS will post 1.2267985 EPS for the current fiscal year.

Insiders Place Their Bets

In other TELUS news, Director Thomas Earl Flynn bought 3,000 shares of the stock in a transaction on Wednesday, December 24th. The stock was purchased 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 owned 14,389 shares in the company, valued at C$251,088.05. The trade was a 26.34% increase in their ownership of the stock. Also, Director David Lawrence Mowat bought 3,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average cost of C$17.37 per share, with a total value of C$52,110.00. Following the acquisition, the director directly owned 14,486 shares of the company’s stock, valued at approximately C$251,621.82. The trade was a 26.12% increase in their position. Over the last ninety days, insiders acquired 258,245 shares of company stock valued at $4,486,022. 0.02% of the stock is owned by corporate insiders.

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.