TELUS (TSE:T) PT Set at C$24.50 by Scotiabank

Scotiabank set a C$24.50 price target on TELUS (TSE:T) (NYSE:TU) in a report issued on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

T has been the topic of a number of other reports. National Bankshares raised their price target on shares of TELUS from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Friday, June 6th. Royal Bank of Canada cut their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Canaccord Genuity Group lifted their target price on shares of TELUS from C$20.25 to C$21.50 in a research report on Monday, May 12th. Bank of America downgraded shares of TELUS from a “buy” rating to a “neutral” rating and cut their target price for the stock from C$24.00 to C$22.00 in a research report on Friday, March 21st. Finally, Cormark cut shares of TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$23.13.

TELUS Trading Down 0.9%

T opened at C$21.92 on Friday. The company’s 50 day moving average is C$21.45 and its 200-day moving average is C$21.09. TELUS has a 1-year low of C$19.10 and a 1-year high of C$23.43. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The company has a market cap of C$33.00 billion, a P/E ratio of 35.56, a PEG ratio of 1.65 and a beta of 0.72.

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.