TELUS (TSE:T) Director Acquires C$52,110.00 in Stock

TELUS Co. (TSE:T) (NYSE:TU) Director David Lawrence Mowat acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were purchased at an average price of C$17.37 per share, with a total value of C$52,110.00. Following the completion of the transaction, the director owned 14,486 shares of the company’s stock, valued at C$251,621.82. The trade was a 26.12% increase in their position.

TELUS Stock Performance

TSE:T opened at C$19.02 on Tuesday. The company’s 50-day moving average is C$18.25 and its two-hundred day moving average is C$20.58. TELUS Co. has a 1-year low of C$17.26 and a 1-year high of C$23.29. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The firm has a market capitalization of C$29.50 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.65 and a beta of 0.85.

TELUS (TSE:T) (NYSE:TU) last released its quarterly earnings results on Friday, November 7th. The company reported C$0.24 EPS for the quarter. TELUS had a net margin of 4.62% and a return on equity of 5.80%. The firm had revenue of C$5.07 billion for the quarter. Analysts forecast that TELUS Co. will post 1.2267985 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on T. Canaccord Genuity Group upgraded TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Desjardins set a C$23.00 target price on shares of TELUS and gave the company a “buy” rating in a research report on Monday, January 12th. BMO Capital Markets cut shares of TELUS from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$23.00 to C$19.00 in a research report on Thursday, December 11th. Scotiabank reduced their price target on shares of TELUS from C$22.50 to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 20th. Finally, Natl Bk Canada raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.79.

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.