TELUS (NYSE:TU) Raised to “Hold” at Wall Street Zen

TELUS (NYSE:TU) (TSE:T) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other analysts have also weighed in on TU. Weiss Ratings lowered TELUS from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. TD Cowen raised TELUS from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. TD Securities raised TELUS from a “buy” rating to a “buy” rating in a report on Tuesday, April 28th. Scotiabank lowered TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, April 10th. Finally, Bank of America raised TELUS from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.50 to $16.00 in a report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, TELUS has an average rating of “Hold” and an average target price of $17.63.

TELUS Trading Down 0.1%

Shares of TU stock opened at $12.74 on Friday. The business’s fifty day moving average price is $12.89 and its 200 day moving average price is $13.41. TELUS has a 1-year low of $11.69 and a 1-year high of $16.74. The firm has a market capitalization of $19.73 billion, a PE ratio of 28.96, a P/E/G ratio of 4.68 and a beta of 0.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.86 and a quick ratio of 0.81.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.64 billion. TELUS had a return on equity of 8.27% and a net margin of 4.54%.TELUS’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. As a group, sell-side analysts forecast that TELUS will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On TELUS

Several large investors have recently added to or reduced their stakes in TU. Manchester Capital Management LLC lifted its position in TELUS by 320.0% during the fourth quarter. Manchester Capital Management LLC now owns 2,247 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 1,712 shares during the period. Flagship Harbor Advisors LLC purchased a new position in TELUS during the fourth quarter worth about $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in TELUS by 129.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,473 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 1,393 shares during the period. Farther Finance Advisors LLC lifted its position in TELUS by 35.0% during the third quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 759 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in TELUS during the fourth quarter worth about $55,000. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting TELUS

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: TELUS reported first-quarter adjusted earnings of $0.17 per share, slightly ahead of estimates, while free cash flow rose 19% to $583 million and the company added 262,000 mobile and fixed customers. TELUS reports operational and financial results for first quarter 2026
• Positive Sentiment: The company reaffirmed its full-year 2026 targets, signaling confidence in service revenue, EBITDA, and free cash flow growth. TELUS reports operational and financial results for first quarter 2026
• Positive Sentiment: TELUS announced a quarterly dividend of C$0.4184 per share, reinforcing its income profile and attractive yield for investors. TELUS Corporation – NOTICE OF CASH DIVIDEND
• Neutral Sentiment: TELUS named Gopi Chande as its next CFO, replacing Doug French on July 1 as part of a planned leadership transition. TELUS Announces Retirement of Chief Financial Officer Doug French and Appointment of Successor Gopi Chande
• Negative Sentiment: Revenue declined 0.6% year over year and earnings were below the prior-year quarter, suggesting slower top-line momentum and pressure versus last year. TELUS reports operational and financial results for first quarter 2026

TELUS Company Profile

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.