TELUS (TSE:T) Price Target Lowered to C$22.00 at JPMorgan Chase & Co.

TELUS (TSE:T) (NYSE:TU) had its price objective dropped by research analysts at JPMorgan Chase & Co. from C$23.00 to C$22.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 12.42% from the stock’s previous close.

Several other equities analysts have also issued reports on T. TD Securities decreased their price target on TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Scotiabank decreased their target price on TELUS from C$24.00 to C$23.25 in a research report on Tuesday, November 26th. Barclays reduced their price target on shares of TELUS from C$24.00 to C$23.00 in a research note on Wednesday, October 9th. National Bank Financial cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada decreased their target price on shares of TELUS from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$24.15.

TELUS Price Performance

TELUS stock traded up C$0.08 during mid-day trading on Thursday, reaching C$19.57. 1,550,656 shares of the company were exchanged, compared to its average volume of 3,496,002. The firm has a market cap of C$28.96 billion, a PE ratio of 36.92, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 171.58, a current ratio of 0.66 and a quick ratio of 0.52. The company has a fifty day simple moving average of C$21.22 and a 200-day simple moving average of C$21.72. TELUS has a 12 month low of C$19.10 and a 12 month high of C$24.92.

Insiders Place Their Bets

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