TELUS (TSE:T) Lowered to “Hold” Rating by Canaccord Genuity Group

Canaccord Genuity Group cut shares of TELUS (TSE:T) (NYSE:TU) from a buy rating to a hold rating in a research note released on Thursday morning,BayStreet.CA reports. They currently have C$17.50 price target on the stock, down from their previous price target of C$21.00.

T has been the subject of several other research reports. National Bank Financial cut their price objective on TELUS from C$21.50 to C$21.00 and set an “outperform” rating for the company in a research report on Tuesday, December 30th. Scotiabank cut their price objective on TELUS from C$22.50 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 20th. TD Securities cut TELUS from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$21.00 to C$19.00 in a research report on Thursday, April 2nd. Morgan Stanley cut their price objective on TELUS from C$25.00 to C$20.00 in a research report on Wednesday, December 10th. Finally, ATB Cormark Capital Markets cut their price objective on TELUS from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$20.45.

TELUS Price Performance

Shares of TSE:T opened at C$16.27 on Thursday. TELUS has a fifty-two week low of C$16.23 and a fifty-two week high of C$23.18. The business has a 50-day moving average of C$18.41 and a two-hundred day moving average of C$19.15. The stock has a market capitalization of C$25.40 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.65 and a beta of 0.56. The company has a debt-to-equity ratio of 199.42, a current ratio of 0.86 and a quick ratio of 0.52.

TELUS (TSE:T) (NYSE:TU) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.20 EPS for the quarter. TELUS had a return on equity of 7.68% and a net margin of 5.47%.The business had revenue of C$5.23 billion for the quarter. On average, equities research analysts predict that TELUS will post 1.2267985 EPS for the current fiscal year.

More TELUS News

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: Desjardins reiterates a buy on TELUS, providing a credible buy-side vote of confidence that may limit downside if fundamentals hold. Desjardins Remains a Buy on Telus (TU)
• Neutral Sentiment: Desjardins trimmed its price target to C$21.50 — still above the current level but a downward revision that partially removes upside. Desjardins Lowers TELUS Price Target to C$21.50
• Neutral Sentiment: RBC cut its target to C$22.00 but kept an Outperform rating, signaling continued conviction in TELUS’ medium?term thesis despite trimming near?term expectations. RBC Lowers PT to C$22 (BayStreet.CA)
• Neutral Sentiment: TELUS disclosed significant workforce changes (2,800 Canadian job reductions in 2025) tied to AI and international growth — this could improve margins over time but adds execution risk and near?term disruption. Telus Sheds 2,800 Canadian Jobs
• Negative Sentiment: Canaccord downgraded TELUS from Buy to Hold and cut its target to C$17.50, increasing near?term selling pressure given the lower conviction and smaller upside. Canaccord Downgrades to Hold (BayStreet.CA)
• Negative Sentiment: Analyst commentary (TipRanks/Canaccord coverage) cites slower growth, competitive pressures and dividend uncertainty — a narrative that hurts dividend?sensitive income investors and multiples. TipRanks: Hold Rating and Concerns
• Negative Sentiment: Sector dynamics: reporting that Quebecor is seen as the top competitive threat and that Rogers/Bell/Telus have been downgraded over a C$25 price war highlights margin compression risks across incumbents. Quebecor a Top Threat (iPhoneInCanada) Price War Downgrades (iPhoneInCanada)

TELUS Company Profile

Telus is one of the Big Three wireless service providers in Canada, with its 9 million mobile phone subscribers nationwide constituting about 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. In recent years Telus has moved to bring fiber to the home over most of its wireline footprint as it upgrades its legacy copper network, leaving it able to compete on more equal footing with cable providers.