TELUS (TSE:T) Downgraded by Cormark to Hold

Cormark downgraded shares of TELUS (TSE:T) (NYSE:TU) from a moderate buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports. Cormark also issued estimates for TELUS’s FY2026 earnings at $1.07 EPS.

Several other equities analysts have also commented on T. Barclays cut their price target on TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on shares of 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. National Bankshares lowered their price target on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Friday, January 3rd. CIBC cut their price objective 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, January 8th. Finally, TD Securities upped their target price on TELUS from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$23.00.

TELUS Trading Down 0.2 %

Shares of TSE:T traded down C$0.04 during trading hours on Tuesday, hitting C$22.25. 773,541 shares of the company’s stock traded hands, compared to its average volume of 4,006,139. The firm has a market capitalization of C$33.50 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. The business has a fifty day moving average price of C$20.76 and a 200-day moving average price of C$21.51. TELUS has a 1 year low of C$19.10 and a 1 year high of C$23.97. The company has a debt-to-equity ratio of 183.41, a current ratio of 0.69 and a quick ratio of 0.52.

Insider Activity at TELUS

In other TELUS news, Director Hazel Cynthia Claxton purchased 1,845 shares of the stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of C$21.70 per share, with a total value of C$40,036.50. Also, Director Marc Parent acquired 19,100 shares of TELUS stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of C$22.04 per share, with a total value of C$420,964.00. 0.02% of the stock is owned by insiders.

TELUS Company Profile

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.