TELUS (TSE:T) Director David Lawrence Mowat Buys 3,000 Shares

TELUS Co. (TSE:T) (NYSE:TU) Director David Lawrence Mowat purchased 3,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were purchased at an average cost of C$17.37 per share, for a total transaction of C$52,110.00. Following the transaction, the director directly owned 14,486 shares of the company’s stock, valued at approximately C$251,621.82. The trade was a 26.12% increase in their position.

TELUS Stock Up 1.1%

TSE:T traded up C$0.20 during trading hours on Friday, reaching C$19.01. The company had a trading volume of 6,400,270 shares, compared to its average volume of 5,772,031. 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 business’s 50-day simple moving average is C$18.27 and its two-hundred day simple moving average is C$20.63. The firm has a market cap of C$29.48 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.65 and a beta of 0.85. TELUS Co. has a twelve month low of C$17.26 and a twelve month high of C$23.29.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.24 EPS for the quarter. TELUS had a return on equity of 5.80% and a net margin of 4.62%.The firm had revenue of C$5.07 billion during the quarter. On average, equities analysts expect that TELUS Co. will post 1.2267985 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on T shares. JPMorgan Chase & Co. downgraded shares of TELUS from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from C$22.00 to C$19.00 in a research note on Tuesday, November 18th. Morgan Stanley cut their target price on TELUS from C$25.00 to C$20.00 in a research note on Wednesday, December 10th. BMO Capital Markets lowered TELUS from an “outperform” rating to a “hold” rating and reduced their target price for the company from C$23.00 to C$19.00 in a report on Thursday, December 11th. TD Securities lowered their price target on shares of TELUS from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Monday, December 15th. Finally, Scotiabank decreased their target price on shares of TELUS from C$22.50 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$21.79.

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.