TELUS (TSE:T) Stock Rating Lowered by Cormark

TELUS (TSE:T) (NYSE:TU) was downgraded by equities researchers at Cormark from a “moderate buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports. Cormark also issued estimates for TELUS’s FY2026 earnings at $1.07 EPS.

T has been the topic of several other research reports. CIBC reduced their target price 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. National Bankshares reduced their price objective on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Friday, January 3rd. TD Securities lifted their price objective on shares of TELUS from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Scotiabank dropped their target price on TELUS from C$23.25 to C$22.50 and set a “sector perform” rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price target on TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, TELUS presently has a consensus rating of “Hold” and a consensus target price of C$23.00.

TELUS Stock Up 0.3 %

TSE T traded up C$0.07 during trading hours on Tuesday, hitting C$22.36. 607,509 shares of the company were exchanged, compared to its average volume of 4,003,419. The company has a 50 day moving average of C$20.76 and a two-hundred day moving average of C$21.51. 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 firm has a market cap of C$33.66 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 1.65 and a beta of 0.72. TELUS has a 52-week low of C$19.10 and a 52-week high of C$23.97.

Insiders Place Their Bets

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