TELUS (TSE:T) Stock Gets Price Target Cut from ATB Cormark Capital Markets

TELUS (TSE:T) (NYSE:TU) had its target price reduced by ATB Cormark Capital Markets from C$13.50 to C$12.00 in a research report report published on Monday morning,BayStreet reports. They currently have a hold rating on the stock.

Other analysts have also recently issued reports about the stock. Canaccord Genuity Group decreased their price objective on shares of TELUS from C$16.75 to C$15.50 and set a “hold” rating for the company in a research note on Friday, July 10th. Barclays cut their price objective on shares of TELUS from C$19.00 to C$17.00 in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce cut their price objective on shares of TELUS from C$15.00 to C$14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 8th. Morgan Stanley cut shares of TELUS from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from C$20.00 to C$13.00 in a report on Tuesday, July 21st. Finally, Raymond James Financial set a C$18.50 target price on shares of TELUS and gave the company a “market perform” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$16.30.

TELUS Price Performance

Shares of TSE T opened at C$11.78 on Monday. The business’s 50 day moving average price is C$12.50 and its 200 day moving average price is C$14.78. The firm has a market cap of C$18.55 billion, a P/E ratio of -19.97, a P/E/G ratio of 1.65 and a beta of 0.59. TELUS has a 52 week low of C$10.89 and a 52 week high of C$21.37. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 236.85.

TELUS (TSE:T) (NYSE:TU) last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.16 earnings per share for the quarter. TELUS had a negative net margin of 4.55% and a negative return on equity of 6.56%. The company had revenue of C$4.92 billion for the quarter. On average, sell-side analysts expect that TELUS will post 1.23 earnings per share for the current year.

Key Headlines Impacting TELUS

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: New scam-protection service could improve customer value and retention. TELUS is partnering with Norton to provide protection across calls, text messages and email at no additional cost with new mobility data plans. The offering may help differentiate TELUS’s wireless products and support customer loyalty. TELUS and Norton team up to bring advanced scam protection
• Neutral Sentiment: Brand visibility remains positive but is unlikely to materially affect near-term earnings. TELUS Spark is hosting the opening party for Calgary’s Beakerhead festival, giving TELUS local marketing exposure without a clear direct financial impact. Thrilling Calgary festival returns with epic opening party at Telus Spark
• Negative Sentiment: Analyst caution is weighing on sentiment. ATB Cormark issued a pessimistic forecast for TELUS, while Scotiabank cut its price target from C$17.00 to C$15.25 and maintained a “sector perform” rating. Although the revised target still implies substantial potential upside, the reduction signals weaker confidence in the company’s outlook. Scotiabank lowers TELUS price target
• Negative Sentiment: The dividend cut remains a major investor concern. Coverage questioning whether TELUS is attractive after “finally” reducing its dividend highlights pressure on the stock’s income-investment thesis. The cut may improve financial flexibility, but it reduces immediate shareholder returns and can drive dividend-focused investors away. Is TELUS a good stock to buy after finally cutting its dividend?
• Negative Sentiment: Proposed changes to customer notices could create reputational or regulatory risk. Reports that TELUS wants wireless-only customers excluded from certain 60-day usage-change notices may raise transparency concerns, even if the change reduces administrative requirements. Telus Wants Wireless Customers Left Out of 60-Day Change Notices

TELUS Company Profile

TELUS Digital, a wholly-owned subsidiary of TELUS Corporation (TSX: T, NYSE: TU), crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for our clients. We are the brand behind the brands. Our global team members are both passionate ambassadors of our clients’ products and services, and technology experts resolute in our pursuit to elevate their end customer journeys, solve business challenges, mitigate risks, and drive continuous innovation.