TELUS (TSE:T) Price Target Raised to C$21.50 at Canaccord Genuity Group
Canaccord Genuity Group has raised its price target for TELUS (TSE:T) from C$20.25 to C$21.50, indicating a potential downside of 3.20% from the stock's previous close. Other analysts have varied opinions, with Barclays lowering their target to C$20.00 and TD Securities increasing theirs to C$25.00. TELUS shares traded down C$0.07 to C$22.21, with a consensus rating of "Hold" and a target price of C$22.88 among analysts.
TELUS (TSE:T - Get Free Report) NYSE: TU had its price target upped by equities research analysts at Canaccord Genuity Group from C$20.25 to C$21.50 in a research note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group's price objective would indicate a potential downside of 3.20% from the stock's previous close.
- Charles Schwab Stock: Trading Up in a Down Market
Other equities analysts also recently issued research reports about the company. Barclays lowered their price target on TELUS from C$23.00 to C$20.00 in a research report on Thursday, January 30th. Scotiabank set a C$23.50 price target on TELUS and gave the company an "outperform" rating in a report on Wednesday, April 16th. Cormark cut TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. TD Securities upped their price objective on TELUS from C$24.00 to C$25.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada decreased their price objective on TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$22.88.
View Our Latest Stock Report on TELUS
TELUS Price Performance
- Charles Schwab’s Initiative Changes Are a Long-Term Positive
Shares of TELUS stock traded down C$0.07 during trading on Monday, reaching C$22.21. 4,508,856 shares of the company's stock were exchanged, compared to its average volume of 4,333,115. TELUS has a 1-year low of C$19.10 and a 1-year high of C$23.43. 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 firm's 50-day moving average price is C$20.87 and its 200 day moving average price is C$21.01. The company has a market cap of C$33.44 billion, a P/E ratio of 36.04, a PEG ratio of 1.65 and a beta of 0.72.
Insiders Place Their Bets
In other TELUS news, Director Hazel Cynthia Claxton acquired 1,845 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price of C$21.70 per share, with a total value of C$40,036.50. 0.02% of the stock is currently owned by corporate insiders.
TELUS Company Profile
(Get Free Report)- TD Bank Q2 Earnings: Record Highs and Regulatory Hurdles
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.
See Also
- Five stocks we like better than TELUS
- What Are Dividends? Buy the Best Dividend Stocks
- Palantir’s Latest Deal Could Put a Freeze on Its Stock Price
- How to Calculate Options Profits
- 4 Automaker Stocks React to Tariffs: Winners and Losers
- How to start investing in penny stocks
- Here's Why Call Option Traders Love Dutch Bros Stock
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in TELUS Right Now?
Before you consider TELUS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TELUS wasn't on the list.
While TELUS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
