TELUS (TSE:T) Downgraded by National Bankshares to Sector Perform

TELUS (TSE:T) (NYSE:TU) was downgraded by stock analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They presently have a C$22.00 price target on the stock, down from their prior price target of C$24.00. National Bankshares’ price objective suggests a potential upside of 6.49% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Barclays reduced their price objective on shares of TELUS from C$24.00 to C$23.00 in a research report on Wednesday, October 9th. Cormark reduced their price objective on shares of TELUS from C$26.00 to C$25.00 in a research report on Monday, November 11th. Scotiabank reduced their price objective on shares of TELUS from C$24.00 to C$23.25 in a research report on Tuesday, November 26th. TD Securities reduced their price objective on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets raised their price objective on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$24.31.

TELUS Stock Performance

Shares of T traded down C$0.31 during mid-day trading on Friday, hitting C$20.66. 3,016,671 shares of the company’s stock were exchanged, compared to its average volume of 3,391,858. The company has a current ratio of 0.66, a quick ratio of 0.52 and a debt-to-equity ratio of 171.58. The firm has a market capitalization of C$30.58 billion, a P/E ratio of 39.11, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS has a fifty-two week low of C$20.04 and a fifty-two week high of C$25.07. The business’s 50 day moving average is C$21.93 and its two-hundred day moving average is C$21.97.

Insider Transactions at TELUS

In other news, Director Victor George Dodig bought 100,000 shares of the stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of C$21.38 per share, with a total value of C$2,138,000.00. Also, Director Marc Parent bought 19,100 shares of the stock in a transaction on Tuesday, December 10th. The stock was purchased at an average cost of C$22.04 per share, with a total value of C$420,964.00. Corporate insiders own 0.02% of the company’s stock.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.