Canaccord Genuity Group Cuts TELUS (TSE:T) Price Target to C$20.25

TELUS (TSE:TGet Free Report) (NYSE:TU) had its price target decreased by stock analysts at Canaccord Genuity Group from C$21.25 to C$20.25 in a report released on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 2.90% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Barclays decreased their price target on shares of TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. Bank of America downgraded TELUS from a “buy” rating to a “neutral” rating and decreased their target price for the stock from C$24.00 to C$22.00 in a research report on Friday, March 21st. TD Securities raised their price target on TELUS from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a report on Thursday, January 2nd. Finally, National Bankshares cut their target price on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$22.69.

View Our Latest Research Report on T

TELUS Price Performance

T stock opened at C$19.68 on Monday. The company has a debt-to-equity ratio of 183.41, a quick ratio of 0.52 and a current ratio of 0.69. The company’s fifty day moving average price is C$21.28 and its 200-day moving average price is C$21.30. TELUS has a one year low of C$19.10 and a one year high of C$23.43. The company has a market capitalization of C$29.63 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insider Transactions at TELUS

In related news, Director Hazel Cynthia Claxton purchased 1,845 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were purchased at an average cost of C$21.70 per share, for a total transaction of C$40,036.50. Company insiders own 0.02% of the company’s stock.

TELUS Company Profile

(Get Free Report)

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.

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Analyst Recommendations for TELUS (TSE:T)

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