TD Securities Increases TELUS (TSE:T) Price Target to C$27.00

TELUS (TSE:T) (NYSE:TU) had its price target upped by stock analysts at TD Securities from C$25.00 to C$27.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 19.21% from the stock’s current price.

Several other brokerages also recently weighed in on T. Cormark reduced their price target on shares of TELUS from C$27.00 to C$26.00 in a research report on Wednesday, May 15th. Veritas Investment Research cut shares of TELUS from a “buy” rating to a “reduce” rating and set a C$27.00 target price on the stock. in a report on Friday, January 26th. Royal Bank of Canada dropped their target price on shares of TELUS from C$29.00 to C$26.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 10th. BMO Capital Markets dropped their target price on shares of TELUS from C$26.00 to C$24.00 in a report on Tuesday, April 2nd. Finally, CIBC dropped their price target on shares of TELUS from C$28.00 to C$26.00 in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.48.

TELUS Price Performance

Shares of TSE T opened at C$22.65 on Tuesday. TELUS has a fifty-two week low of C$21.12 and a fifty-two week high of C$27.35. The company has a 50 day simple moving average of C$22.09 and a two-hundred day simple moving average of C$23.36. The company has a market capitalization of C$33.52 billion, a price-to-earnings ratio of 39.05, a P/E/G ratio of 2.07 and a beta of 0.67. The company has a debt-to-equity ratio of 159.88, a quick ratio of 0.52 and a current ratio of 0.67.

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.