TELUS Co. (TSE:T) Director Hazel Cynthia Claxton Purchases 1,845 Shares

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

TELUS Price Performance

T stock traded up C$0.10 during midday trading on Monday, hitting C$22.29. The company’s stock had a trading volume of 4,276,748 shares, compared to its average volume of 4,105,044. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 183.41. TELUS Co. has a 12 month low of C$19.10 and a 12 month high of C$24.31. The company has a 50 day moving average of C$20.41 and a two-hundred day moving average of C$21.51. The firm has a market capitalization of C$33.56 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on T. Cormark decreased their target price on TELUS from C$26.00 to C$25.00 in a report on Monday, November 11th. TD Securities raised their price objective on TELUS from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered their price objective on TELUS from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a research report on Thursday, January 2nd. Barclays reduced their target price on shares of TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. Finally, Scotiabank lowered their price target on shares of 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.