TELUS (TSE:T) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

TELUS Co. (TSE:T) (NYSE:TU) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.53 and traded as high as C$21.80. TELUS shares last traded at C$21.67, with a volume of 4,891,849 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on T. National Bank Financial cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. National Bankshares reduced their target price on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research note on Friday, January 3rd. CIBC reduced their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Scotiabank reduced their target price on shares of TELUS from C$23.25 to C$22.50 and set a “sector perform” rating for the company in a research note on Wednesday, January 8th. Finally, TD Securities upped their target price on shares of TELUS from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$23.00.

TELUS Stock Performance

The stock’s 50 day moving average price is C$21.18 and its 200 day moving average price is C$21.53. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The company has a market capitalization of C$32.42 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 1.65 and a beta of 0.72.

Insider Transactions at TELUS

In other news, Director Hazel Cynthia Claxton bought 1,845 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average cost of C$21.70 per share, for a total transaction of C$40,036.50. Company insiders own 0.02% of the company’s stock.

TELUS Company Profile

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.