Insider Buying: TELUS Co. (TSE:T) Director Buys 1,845 Shares of Stock

TELUS Co. (TSE:T) (NYSE:TU) Director Hazel Cynthia Claxton acquired 1,845 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of C$21.70 per share, for a total transaction of C$40,036.50.

TELUS Stock Up 0.9 %

TSE T opened at C$22.49 on Wednesday. The business’s fifty day simple moving average is C$20.50 and its 200-day simple moving average is C$21.52. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. The firm has a market cap of C$33.86 billion, a PE ratio of 36.49, a P/E/G ratio of 1.65 and a beta of 0.72. TELUS Co. has a 52 week low of C$19.10 and a 52 week high of C$24.31.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on T shares. JPMorgan Chase & Co. decreased their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a report on Thursday, January 2nd. Barclays decreased their price objective on TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. National Bank Financial lowered TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Scotiabank decreased their price objective on TELUS from C$23.25 to C$22.50 and set a “sector perform” rating on the stock in a report on Wednesday, January 8th. Finally, CIBC reduced their price target on TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Five equities 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, TELUS has an average rating of “Hold” and a consensus price target of C$23.00.

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.