TELUS (TSE:T) Stock Price Down 1.6% - Here's Why

TELUS Co. (TSE:T - Get Free Report) NYSE: TU's stock price was down 1.6% on Friday . The stock traded as low as C$20.59 and last traded at C$20.64. Approximately 2,767,600 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 4,158,701 shares. The stock had previously closed at C$20.98.Analyst Upgrades and DowngradesCharles Schwab’s Initiative Changes Are a Long-Term Positive T has been the subject of several research reports. Scotiabank decreased their price objective on shares of TELUS from C$23.25 to C$22.50 and set a "sector perform" rating for the company in a research note on Wednesday, January 8th. National Bankshares reduced their target price on shares of TELUS from C$22.00 to C$21.00 and set a "sector perform" rating for the company in a report on Friday, January 3rd. Barclays lowered their target price on TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. Royal Bank of Canada lowered their price target on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating on the stock in a report on Wednesday, December 18th. Finally, National Bank Financial cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$22.91.Read Our Latest Report on TTELUS Stock Down 4.7 %TD Bank Q2 Earnings: Record Highs and Regulatory HurdlesThe business's 50 day moving average price is C$21.29 and its 200 day moving average price is C$21.50. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52. The firm has a market cap of C$30.10 billion, a PE ratio of 32.43, a PEG ratio of 1.65 and a beta of 0.72. Insider Transactions at TELUSIn other TELUS news, Director Hazel Cynthia Claxton acquired 1,845 shares of the business's stock in a transaction on Thursday, February 20th. The stock was bought at an average price of C$21.70 per share, for a total transaction of C$40,036.50. Corporate insiders own 0.02% of the company's stock. TELUS Company Profile (Get Free Report)Tilray’s Q3 Earnings Reveal Growth Despite ChallengesTELUS 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.See AlsoFive stocks we like better than TELUSValue Investing: Is it a Good Strategy in 2022? Hint: AlwaysWhy Williams-Sonoma Will Hit Fresh Highs in 2025Expert Stock Trading Psychology TipsAlphabet Stock Becomes a Low-Risk, High-Reward PlayBreakout Stocks: What They Are and How to Identify ThemAffirm Stock: Should You Buy the Dip After Walmart Setback?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in TELUS Right Now?Before you consider TELUS, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TELUS wasn't on the list.While TELUS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here