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

TELUS Co. (TSE:T) (NYSE:TU) Director Hazel Cynthia Claxton purchased 1,845 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price of C$21.70 per share, with a total value of C$40,036.50.

TELUS Stock Up 0.5 %

Shares of TELUS stock opened at C$22.29 on Tuesday. 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’s fifty day simple moving average is C$20.45 and its two-hundred day simple moving average is C$21.51. The company has a market cap of C$33.56 billion, a P/E ratio of 36.17, a PEG ratio of 1.65 and a beta of 0.72. TELUS Co. has a 12-month low of C$19.10 and a 12-month high of C$24.31.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on T shares. JPMorgan Chase & Co. lowered their price target on shares of TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a report on Thursday, January 2nd. Cormark lowered their price target on shares of TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. Scotiabank lowered their price target on shares of TELUS from C$23.25 to C$22.50 and set a “sector perform” rating for the company in a report on Wednesday, January 8th. Barclays lowered their price target on shares of TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. Finally, TD Securities upped their price target on shares of TELUS from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$23.00.

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.