TELUS (TSE:T) Director Acquires C$52,350.00 in Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Thomas Earl Flynn bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The shares were purchased at an average cost of C$17.45 per share, with a total value of C$52,350.00. Following the transaction, the director directly owned 14,389 shares of the company’s stock, valued at C$251,088.05. The trade was a 26.34% increase in their ownership of the stock.

TELUS Price Performance

TSE T opened at C$19.02 on Tuesday. The firm’s fifty day simple moving average is C$18.25 and its two-hundred day simple moving average is C$20.58. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. TELUS Co. has a 12-month low of C$17.26 and a 12-month high of C$23.29. The firm has a market capitalization of C$29.50 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.65 and a beta of 0.85.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on T shares. Natl Bk Canada upgraded TELUS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. CIBC boosted their target price on shares of TELUS from C$24.00 to C$25.00 in a research report on Friday, October 17th. National Bankshares decreased their price target on shares of TELUS from C$21.50 to C$21.00 and set an “outperform” rating for the company in a report on Tuesday, December 30th. Desjardins set a C$23.00 price objective on shares of TELUS and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, Canaccord Genuity Group raised TELUS from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, TELUS presently has an average rating of “Moderate Buy” and an average target price of C$21.79.

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.