TELUS (TSE:T) Rating Lowered to “Sector Perform” at National Bankshares

TELUS (TSE:T) (NYSE:TU) was downgraded by analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday,BayStreet.CA reports. They presently have a C$22.00 target price on the stock, down from their prior target price of C$24.00. National Bankshares’ price objective would indicate a potential upside of 6.13% from the company’s current price.

T has been the subject of several other research reports. Cormark cut their price objective on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Scotiabank lowered their price objective on shares of TELUS from C$24.00 to C$23.25 in a research note on Tuesday, November 26th. Barclays cut their target price on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price target on shares of TELUS from C$24.00 to C$25.00 in a research report on Thursday, September 5th. Finally, TD Securities cut their price objective on TELUS from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$24.31.

TELUS Price Performance

Shares of TSE T opened at C$20.73 on Friday. The firm’s 50-day simple moving average is C$21.89 and its 200 day simple moving average is C$21.96. The stock has a market cap of C$30.68 billion, a P/E ratio of 39.11, a P/E/G ratio of 1.65 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 171.58. TELUS has a fifty-two week low of C$20.04 and a fifty-two week high of C$25.07.

Insider Buying and Selling

In related news, Director Marc Parent acquired 19,100 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average cost of C$22.04 per share, with a total value of C$420,964.00. Also, Director Victor George Dodig purchased 100,000 shares of the stock in a transaction on Thursday, November 14th. The shares were bought at an average price of C$21.38 per share, for a total transaction of C$2,138,000.00. 0.02% of the stock is currently owned by corporate insiders.

About TELUS

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.