TELUS (TSE:T) Cut to Hold at Cormark

Cormark downgraded shares of TELUS (TSE:T) (NYSE:TU) from a moderate buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports. Cormark also issued estimates for TELUS’s FY2025 earnings at $0.99 EPS and FY2026 earnings at $1.07 EPS.

Other equities analysts have also recently issued reports about the stock. Barclays dropped their price target on shares of TELUS from C$23.00 to C$20.00 in a research note on Thursday, January 30th. National Bankshares decreased their price objective on shares of TELUS from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a report on Friday, January 3rd. National Bank Financial lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on shares of TELUS from C$23.00 to C$22.00 and set a “neutral” rating for the company in a report on Thursday, January 2nd. Finally, Scotiabank decreased their price objective on shares of TELUS from C$23.25 to C$22.50 and set a “sector perform” rating for the company in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$23.00.

TELUS Price Performance

T stock opened at C$22.36 on Tuesday. TELUS has a 12 month low of C$19.10 and a 12 month high of C$23.97. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 183.41. The company has a 50-day moving average price of C$20.87 and a 200 day moving average price of C$21.51. The stock has a market cap of C$33.66 billion, a PE ratio of 36.28, a P/E/G ratio of 1.65 and a beta of 0.72.

Insider Activity

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

About TELUS

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.