TELUS (TSE:T) Lowered to "Hold" Rating by Cormark

TELUS (TSE:T - Get Free Report) NYSE: TU was downgraded by research analysts 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 FY2025 earnings at $0.99 EPS and FY2026 earnings at $1.07 EPS.

A number of other equities analysts also recently commented on T. 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 note on Thursday, January 2nd. TD Securities raised their price target on shares of TELUS from C$24.00 to C$25.00 and gave the company a "buy" rating in a report on Friday, February 14th. CIBC lowered their price target on shares of TELUS from C$25.00 to C$24.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. National Bank Financial lowered shares of TELUS from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. Finally, Barclays lowered their price target on shares of TELUS from C$23.00 to C$20.00 in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$23.00.

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TELUS Trading Up 1.6 %

Shares of T stock traded up C$0.36 during mid-day trading on Tuesday, reaching C$22.72. The company's stock had a trading volume of 6,264,017 shares, compared to its average volume of 4,136,797. The company's 50 day simple moving average is C$20.93 and its 200-day simple moving average is C$21.52. TELUS has a 12-month low of C$19.10 and a 12-month high of C$23.43. 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 capitalization of C$34.21 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Insiders Place Their Bets

In other TELUS news, Director Hazel Cynthia Claxton purchased 1,845 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost 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 firm's stock in a transaction dated Tuesday, December 10th. The stock was acquired 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 owned by company 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.