TELUS (TSE:T) Stock Price Passes Above 200 Day Moving Average of $23.17

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TELUS Co. (TSE:T) (NYSE:TU) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.17 and traded as high as $23.60. TELUS shares last traded at $23.39, with a volume of 1,988,501 shares.

A number of research firms have weighed in on T. Barclays reaffirmed an “overweight” rating and set a C$27.00 target price on shares of TELUS in a report on Friday. Royal Bank of Canada lifted their target price on TELUS from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. TELUS has a consensus rating of “Buy” and a consensus price target of C$26.94.

The stock has a 50-day moving average of C$23.95 and a two-hundred day moving average of C$23.17. The company has a market cap of $30.35 billion and a P/E ratio of 20.26. The company has a debt-to-equity ratio of 150.61, a quick ratio of 0.73 and a current ratio of 0.91.

TELUS (TSE:T) (NYSE:TU) last released its earnings results on Friday, July 31st. The company reported C$0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.28 by C($0.03). The company had revenue of C$3.73 billion during the quarter, compared to the consensus estimate of C$3.61 billion. As a group, sell-side analysts forecast that TELUS Co. will post 1.3377153 EPS for the current fiscal year.

About TELUS (TSE:T)

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

Further Reading: Asset Allocation

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