TELUS (TSE:T) Director Purchases C$973,946.00 in Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Darren Entwistle bought 56,200 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was bought at an average cost of C$17.33 per share, with a total value of C$973,946.00. Following the acquisition, the director directly owned 1,132,190 shares of the company’s stock, valued at approximately C$19,620,852.70. The trade was a 5.22% increase in their position.

Darren Entwistle also recently made the following trade(s):

• On Friday, December 19th, Darren Entwistle purchased 2,600 shares of TELUS stock. The shares were bought at an average cost of C$17.41 per share, for a total transaction of C$45,266.00.
• On Friday, December 19th, Darren Entwistle acquired 190,000 shares of TELUS stock. The shares were bought at an average price of C$17.38 per share, with a total value of C$3,302,200.00.

TELUS Price Performance

Shares of TSE:T opened at C$19.02 on Tuesday. TELUS Co. has a one year low of C$17.26 and a one 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 company has a market cap 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. The firm has a 50 day simple moving average of C$18.25 and a 200 day simple moving average of C$20.58.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on T. Scotiabank cut their price target on 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. Desjardins set a C$23.00 target price on shares of TELUS and gave the stock a “buy” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. lowered shares of TELUS from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from C$22.00 to C$19.00 in a report on Tuesday, November 18th. Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Finally, CIBC lifted their price target on shares of TELUS from C$24.00 to C$25.00 in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TELUS has a consensus rating of “Moderate Buy” and an average 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.