TELUS (TSE:T) Share Price Passes Above Two Hundred Day Moving Average of $23.23

TELUS Co. (TSE:T) (NYSE:TU)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.23 and traded as high as $24.06. TELUS shares last traded at $23.82, with a volume of 1,762,893 shares traded.

Several research analysts have recently weighed in on T shares. Royal Bank of Canada lifted their target price on shares of TELUS from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Canaccord Genuity lifted their target price on shares of TELUS from C$23.00 to C$24.00 in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$26.94.

The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 150.61. The company has a market capitalization of $30.73 billion and a P/E ratio of 20.51. The company’s 50-day simple moving average is C$23.97 and its 200 day simple moving average is C$23.22.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Friday, July 31st. The company reported C$0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.28 by C($0.03). The business had revenue of C$3.73 billion for the quarter, compared to the consensus estimate of C$3.61 billion. As a group, equities research analysts forecast that TELUS Co. will post 1.3383038 earnings per share for the current 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.

Featured Story: What is an economic bubble?

Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.